CHICAGO (April 5, 2016) – Invenergy Wind LLC (“Invenergy”) announced today that it has arrangedconstruction financing for its 257 MW Wake Wind Energy Center, which currently is underconstruction in Dickens, Crosby and Floyd Counties in Texas.
Morgan Stanley & Co. LLC and its affiliates acted as Sole Lead Arranger, Administrative Agent, andLender for the construction financing.
Wake Wind is located approximately 10 miles northeast of the city of Crosbyton, 50 miles east ofLubbock. The facility will consist of 150 GE 1.715 MW wind turbines. Commercial operation isexpected to commence in the third quarter of this year.
“We’re pleased to have reached financial close for our Wake Wind project in Texas, the nation’s topstate for installed wind,” said Jim Murphy, Chief Financial Officer and Chief Operating Officer atInvenergy. “Wake Wind adds to our growing portfolio in Texas, bringing our total wind generation tonearly 2,000 MW in the state.”
Blattner Energy Inc. is the project’s contractor for civil/mechanical scope and the transmission line,while EPC Services is the contractor for the electrical substation. Wake Wind is creating over 200construction jobs and a dozen permanent jobs once the project begins operation.
The wind farm will further benefit its host community economically through annual payments to eachof the Counties and lease payments to participating landowners.
About Invenergy
Invenergy is delivering innovation in energy. Invenergy and its affiliated companies develop, ownand 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 regional developmentoffices in the United States, Canada, Mexico, Japan and Europe.
Invenergy and its affiliated companies have developed more than 12,912 MW of projects that are inoperation, construction or advanced development, including wind, solar, natural gas-fueled powergeneration and energy storage projects. For more information, please visit www.invenergyllc.com.
Contact: Mary Ryan, Senior Manager, Public Affairs312-582-1424 or mryan@invenergyllc.com