Excelsior completes purchase of Invenergy's 109-MW Nebraska wind farms

Invenergy wind farm. Source: Invenergy (www.invenergyllc.com).

January 9 (Renewables Now) - US renewable energy infrastructure investor Excelsior Energy Capital on Wednesday announced the closure of the purchase of 90.1% of the sponsor equity interests held by Chicago-based developer Invenergy in two Nebraska wind farms with a combined capacity of 109 MW.

The company also announced the closure on back-leverage financing for the two farms with NORD/LB.

Excelsior has bought the controlling interests in the Prairie Breeze II and Prairie Breeze III wind farms, located in Antelope and Boone Counties, Nebraska through its North American Renewable Energy Fund. Invenergy will continue to be a part-owner of the wind parks, providing operations and maintenance (O&M) and asset management services through Invenergy Services.

Prairie Breeze II and Prairie Breeze III have been operational since late 2015 and early 2016, respectively. They have 25-year power purchase agreements (PPA) in place with Lincoln Electric Systems and City of Grand Island.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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