Invenergy wraps up financing on 120-MW Gunsight Wind project in Texas

Invenergy Wind LLC on Jan. 8 announced that it has arranged debt and tax equity project financing for its Gunsight Wind Energy Center, which currently is under construction in Howard County, Texas.

Cooperative Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland,” New York Branch acted as the Sole Lead Arranger, Administrative Agent, and Lender for the construction financing.

Invenergy’s Gunsight facility will have the capacity to generate approximately 120 MW from 67 General Electric 1.79-MW wind turbines when commercial operation commences June 2016. Gunsight is creating more than 250 construction jobs and eight permanent jobs once the project begins operation. 

“We’re pleased to reach financial close of the Gunsight project and add to our growing portfolio of wind facilities in Texas,” said Jim Murphy, Chief Financial Officer and Operating Business Group President at Invenergy. “With the addition of Gunsight, Invenergy will operate more than 1,500 MW of power plants in the state.”

Invenergy LLC and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy’s home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.

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.