CHICAGO (Nov. 16, 2015) – Invenergy Wind LLC (“Invenergy”) today announced that it hasarranged debt and tax equity project financing for its Prairie Breeze III Wind Energy Center (“PrairieBreeze II”), which currently is under construction in Antelope County, Nebraska.
Santander Bank N.A. acted as the Sole Lead Arranger, Administrative Agent, and Lender for theconstruction financing. Tax equity commitments were provided by a financial institution. Details werenot disclosed.
Prairie Breeze III is located near the town of Elgin, approximately 100 miles northwest of the city ofLincoln. The facility will have the capacity to generate approximately 36 MW of power from 20 GE1.79 MW wind turbines when commercial operation commences in the first quarter of 2016. Projectoutput will be sold to the City of Grand Island, Nebraska under a long-term Power PurchaseAgreement.
“Nebraska has outstanding wind resources which give it the potential to become a nationalrenewables leader,” said Jim Murphy, Chief Financial Officer and Operating Business GroupPresident at Invenergy. “We’re pleased to reach financial close for Invenergy’s third wind powergeneration project in the state.”
Prairie Breeze III is the third phase of Invenergy’s Prairie Breeze Wind Energy Center. Prairie BreezeI, a 201 MW facility in Antelope and Boone Counties, began operation in 2014 and Prairie Breeze II,a 73 MW facility in Antelope and Boone Counties, is under construction and expected to commenceoperations later this year. All phases will bring significant economic benefit to the local communitythrough job creation, and through tax revenue that will continue throughout the life of the projects.
About Invenergy
Invenergy is delivering innovation in energy. Invenergy and its affiliated companies develop, own,and operate large-scale renewable and other clean energy generation and storage facilities in theAmericas, and Europe. Invenergy's home office is located in Chicago and it has regionaldevelopment offices in the United States, Canada, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 9,100 MW of projects that are inoperation, in construction, or under contract, including wind, solar, and natural gas-fueled powergeneration projects and energy storage facilities. For more information, please visitwww.invenergyllc.com.
Contact: Mary Ryan, Senior Manager, Public Affairs312-582-1424 or mryan@invenergyllc.com