CHICAGO, IL – (December 24, 2013) – Invenergy Wind LLC (“Invenergy”) announcedtoday that it has arranged project debt and tax equity financing for its 288.6 MW MiamiWind Energy Center (“Miami”), which currently is under construction in northern Texas.
Morgan Stanley & Co. arranged the project debt, including a construction loan and a termloan commitment. Tax equity commitments also were secured from several financialinstitutions. Financial details were not disclosed.
Miami is located in the “Texas Panhandle”, approximately eighty miles northeast ofAmarillo in Roberts, Hemphill, Gray, and Wheeler Counties. Commercial operations arescheduled to begin in the third quarter of 2014.
“We’re pleased to complete financing for Miami, our largest wind project to date and ourfirst power generation project in the Texas Panhandle,” said Jim Murphy, Chief FinancialOfficer and Chief Operating Officer at Chicago-based Invenergy. “Invenergy appreciatesthe continued confidence of our valued financial partners. We also thank those in our hostcommunity - county and school district officials, as well as our project landowners - for theirstrong support throughout the development of this facility.”
Invenergy acquired the Miami project from Pioneer Green Energy LLC of Austin, Texas.Invenergy will utilize 156 GE 1.85 MW turbines for the Miami project. Balance of plantconstruction will be completed by RMT, Inc., a subsidiary of Infrastructure and EnergyAlternatives, LLC. System 3 Inc. will construct the project’s substation and transmissionline.
About Invenergy
Invenergy and its affiliated companies develop, own and operate large-scale renewableand other clean energy generation facilities in North America and Europe. Invenergy iscommitted to clean power alternatives and continued innovation in electricity generation.Invenergy's home office is located in Chicago and it has regional development officesthroughout the United States and in Canada and Europe.
Invenergy and its affiliated companies have developed approximately 8,000 MW of cleanenergy projects that are in operation, in construction, or under contract, including 63 wind,solar, and natural gas power facilities. For more information, please visitwww.invenergyllc.com.
Contact: Alissa Krinsky, Director of Communications312-582-1554 or akrinsky@invenergyllc.com