Invenergy Wind gets outside investment; describes projects

A long list of wind project companies controlled by Invenergy Wind LLC filed an Aug. 1 notice with the Federal Energy Regulatory Commission that CDPQ Investments (U.S.) Inc. has bought a passive, non-controlling interest in Invenergy Wind.

They said this is a relatively minor transaction in terms of the controlling interests in the wind companies.

Here is a rundown of the wind companies, as outlined in the notice, that have upcoming projects in the works:

  • Bishop Hill Energy III LLC is developing and plans to construct, own and operate wind facilities consisting of up to 136 MW (nameplate) that will be located in Henry County, Ill. (the “BH III Project”). The BH III Project will be interconnected with the transmission system owned by Ameren Illinois, which is under the control of the Midcontinent Independent System Operator (MISO). BH III will sell electric energy and capacity produced from the BH III Project at wholesale. BH III is an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Grand Ridge Energy IV LLC owns and operates a 9 MW (nameplate) wind facility located in LaSalle County, Illinois, together with one 1.5-MW (nameplate) energy storage device (i.e., battery). The GR IV Project is interconnected with the transmission system owned by Commonwealth Edison and controlled by PJM Interconnection. GR IV sells electric energy and capacity produced at wholesale. GR IV is an indirect, wholly-owned subsidiary of Invenergy Wind. GR IV plans to develop and own two additional 1.5-MW (nameplate) energy storage devices that will increase the project size from 10.5 MW to up to 13.5 MW (nameplate). In addition to the wholesale sales made by GR IV of the power produced by its own generation facilities, GR IV purchases power produced from a 1.5-MW wind turbine owned by the Illinois Institute of Technology, which is then resold at wholesale.
  • Grand Ridge Energy V LLC is developing and plans to construct, own and operate wind facilities of up to 80 MW (nameplate) that will be located in LaSalle County, Illinois. The GR V Project will be interconnected with the transmission system owned by Commonwealth Edison, and controlled by PJM. GR V will sell electric energy and capacity produced from the GR V Project exclusively at wholesale. GR V is an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Judith Gap Energy LLC owns and operates a 135-MW (nameplate) wind facility in Wheatland County, Montana, together with limited interconnection facilities that are necessary to connect its generation facility to the transmission system of NorthWestern Energy. Judith Gap sells its power at wholesale. Judith Gap is an indirect, partially-owned subsidiary of Invenergy Wind. In the future, Judith Gap may develop up to an additional 53 MW of wind facilities in one or more phases. If that is done, the project’s size will increase from the initial 135 MW (nameplate) to up to 188 MW (nameplate).
  • Vantage Wind Energy LLC owns and operates wind facilities with the capacity of 90 MW (nameplate) located near Kittitas County, Wash. (the “Vantage Facility”). The Vantage Facility includes limited interconnection facilities that connect its generation facility to the transmission system owned by Puget Sound EnergyVantage sells energy, capacity and ancillary services at wholesale. Vantage is an indirect, partially-owned subsidiary of Invenergy Wind. The first, 90-MW phase of the Vantage Project began generating electricity in August 2010. At a later time, Vantage may choose to develop up to an additional 13.5 MW in one or more subsequent phases.
  • Willow Creek Energy LLC owns and operates a 72-MW (nameplate) wind facility in Gillham and Morrow counties, Ore., that interconnects with the Bonneville Power Administration. Willow Creek sells its power at wholesale. Willow Creek is an indirect, partially-owned subsidiary of Invenergy Wind. In the future, Willow Creek may increase the project’s size from 72 MW to up to 150 MW (nameplate). 

Also, Beech Ridge Energy LLC owns and operates 100.5 MW (nameplate) of wind facilities located in Greenbrier and Nicholas counties, W.Va., together with limited interconnection facilities that connect its facility to the transmission system owned by Monongahela Power d/b/a Allegheny Power, which is under the control of PJM. Beech Ridge sells energy, capacity and ancillary services produced by the Beech Ridge Project exclusively at wholesale. Beech Ridge’s order granting it market-based rate authorization was based on the potential of its generation facility being up to 186 MW. In past market-based rate related filings describing Beech Ridge, it had been indicated that in the future Beech Ridge may develop up to an additional 85.5 MW of wind facilities. However, Beech Ridge will not be developing that additional generation so it is no longer using the potential 186 MW number.

A company contact is: Joe Condo, General Counsel, c/o Invenergy LLCOne South Wacker, Suite 1900, Chicago, IL 60606, Tel.: (312) 582-1465, jcondo@invenergyllc.com.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.