CHICAGO, Illinois – (July 2, 2013) –Invenergy Wind LLC (“Invenergy”) today announced the successful closing of construction financing for its Goldthwaite Wind Project (“Goldthwaite Wind”), which currently is in construction in Mills County, Texas.
Morgan Stanley acted as the Lead Arranger, Administrative Agent, and Issuing Bank for the construction loan.
The project site is located just southeast of the town of Goldthwaite, Texas, approximately 100 miles north of Austin. The project is being constructed by Blattner Energy, Inc., with substation and transmission line work being performed by EPC Services Company. Goldthwaite Wind will consist primarily of 83 GE 1.7 MW wind turbines; it also will incorporate three GE 2.5 MW brilliant turbines, which feature short-term battery storage.
“We’re excited about our expanding our wind energy footprint to the ERCOT-North region and further contributing to the Texas economy with the construction of Goldthwaite Wind. We’d also like to thank our project landowners, Mills County officials, and the Goldthwaite Independent School District for their strong support throughout project development,” said Jim Murphy, Chief Financial Officer and Chief Operating Officer of Invenergy.
Upon completion later this year the 148.6 MW Goldthwaite Wind project will generate enough clean, renewable energy to power more than 68,000 homes. The electricity produced by the facility will be sold into the wholesale markets managed by the Electric Reliability Council of Texas (“ERCOT”).
Invenergy owns and operates five other wind energy generation projects in Texas. Once Goldthwaite Wind commences full commercial operations, the company’s statewide wind portfolio will have a total capacity of more than 830 MW.