CHICAGO, IL – (April 29, 2014) – Invenergy Development Company LLC announcedtoday the successful refinancing of its 620 MW Grays Harbor Energy Center (“GraysHarbor”), a natural gas-fueled power generation project in Elma, Washington.
Grays Harbor, which began commercial operations in 2008, is located approximately thirtymiles west of Olympia, in Grays Harbor County. The facility consists of two gas-fired GEFrame 7FA combustion turbines and one GE steam turbine generator operating incombined-cycle mode with duct firing.
GE Energy Financial Services - through GE Capital Markets, Inc. – acted as Book Runnerand Joint Lead Arranger for the transaction. CoBank also served as Joint Lead Arranger.In addition, BNP Paribas and Union Bank are providing financing in connection with thistransaction.
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.
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, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 8,000 MW of cleanenergy projects that are in operation, in construction, or under contract, including 65 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