Invenergy achieves fin close for 300-MW wind project in Texas
GE wind turbine. Source: General Electric. All rights reserved.
Invenergy Renewables LLC said on Thursday it has reached financial close for its 300-MW Santa Rita Wind Energy Center in Texas, having arranged construction financing for the project.
The company did not disclose the exact size of the financing. It only noted that Morgan Stanley & Co LLC served as sole lead arranger, administrative agent and lender for the transaction.
The scheme, which is Invenergy’s largest wind project to date, involves erecting 120 wind turbines in Reagan, Irion, and Crockett Counties. It is expected to become operational in the first quarter of next year.
The renewables business of US conglomerate General Electric (NYSE:GE) announced in late May it had received an order to supply GE2.5-116 90-metre (295 ft) turbines for the Santa Rita wind farm.
On the other hand, Blattner Energy Inc has been selected as the project’s contractor for civil/mechanical scope and the transmission line, and RES System 3 got the electrical substation-related job.