CHICAGO, IL – (December 12, 2013) – Invenergy Development Company LLC announcedtoday that it has arranged construction and term loan financing for its 584 MW NelsonEnergy Center (“Nelson”), a natural gas-fired power generation plant under constructionapproximately 120 miles west of Chicago.
The financing included construction and term loans with GE Energy Financial Services,ING Capital LLC, and Siemens Financial Services, Inc. GE Energy Financial Servicesserved as the administrative agent, bookrunner, and – through GE Capital Markets, Inc. –as primary lead arranger of the senior secured credit facilities. ING Capital LLC served asjoint lead arranger and documentation agent.
Nelson is located in the city of Rock Falls, in Lee County, Illinois. Commercial operationsare scheduled to begin in early 2015, with output to be sold into the PJM wholesalemarket.
Invenergy Development Company LLC is a joint venture between Invenergy Thermal LLC,an affiliate of Invenergy LLC (“Invenergy”), and Stark Investments, a global alternativeinvestment firm. Nelson will be operated and maintained by Invenergy Services LLC, alsoan affiliate of Invenergy.
“We’re pleased to complete project financing for our newest clean energy generationfacility, located in our home state of Illinois,” said Jim Murphy, Chief Financial Officer forChicago-based Invenergy. “With the addition of Nelson, Invenergy’s operating portfolio ofgas-fired generating power plants will total more than 2,800 MW of capacity.”
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