Invenergy Completes Equity Placement for its Forward Energy Wisconsin Wind Farm
Invenergy Wind LLC ("Invenergy") announced the closing of equity financing for its Forward Energy wind farm in Dodge and Fond du Lac Counties, Wisconsin. The equity will be provided by GE Energy Financial Services, a unit of General Electric (NYSE: GE). In October 2007, Invenergy closed construction and term debt financing for this facility. The debt was co–underwritten by Dexia Credit Local and Nord/LB.
The Forward Energy wind farm will utilize GE's 1.5MW SLE wind turbines. Eighty–six wind turbines, representing 129 MW of electric capacity, are under construction and the facility is expected to be fully operational by June, 2008. Power will be sold under long–term contracts with Wisconsin Public Service, Wisconsin Power and Light, Madison Gas and Electric and Wisconsin Public Power. The wind farm will be operated by Invenergy.
About Invenergy Wind LLC
Chicago–based Invenergy Wind LLC is an affiliate of Invenergy LLC, a developer, owner and operator of utility–scale electricity generating facilities including wind energy and natural gas–fired projects. Invenergy Wind currently has 13 facilities representing more than 1,500 megawatts of wind energy projects in operation and construction in North America and Europe.
Invenergy is headquartered in Chicago and has North American offices in Denver, Washington D.C., Toronto, Milwaukee, Portland, San Francisco and Austin, Texas. Overseas offices are located in London, Warsaw and Athens.
For more information visit www.invenergyllc.com