Invenergy Wind Global LLC applied June 29 at the Public Utility Commission of Texas for approval of the conveyance of certain equity interests in Invenergy Wake Wind Holdings LLC (IWWH) to Southern Renewable Partnerships LLC.
Applicant and this new Investor intend to close funding for the sale of these equity interests by Oct. 28, 2016. Invenergy is the direct owner of 100% of the equity interests in IWWH, which is the direct owner of 100% of Wake Wind Class B Holdings LLC, which in turn is the direct owner of 100% of the equity interests in Wake Wind Holdings LLC. Wake Wind Holdings LLC is the direct owner of 100% of the equity interests in Wake Wind Energy LLC, which is developing a 257.3-MW wind project located in Crosby, Floyd and Dickens counties, Texas.
This wind project will be interconnected to the Electric Reliability Council of Texas (ERCOT) grid through facilities that will be operated by Wind Energy Transmission Texas (WETT). The project is currently projected to commence commercial operations on or about Sept. 30, 2016.
Invenergy will convey 90.1% of the equity interests in IWWH to Southern.
Invenergy listed another affiliate with a Texas wind project close to commercial operation. That is Gunsight Mountain Wind Energy Center, which has a 119.9-MW project with a commercial operation target date in July 2016.
The Southern affiliations in ERCOT include:
- Roserock Solar Facility, to go commercial in November 2016, 160 MW total; and
- East Pecos Solar Facility, commercial in December 2016, 120 MW total.