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.