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Invenergy completes financing for Texas wind project

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Invenergy completes financing for Texas wind project

Renewabledeveloper Invenergy LLCsaid April 5 that it has completed project financing for the 257-MW Wake Wind EnergyCenter in Texas, one of the largest proposed wind power projects in that state.

"WakeWind adds to our growing portfolio in Texas, bringing our total wind generationto nearly 2,000 MW in the state," Invenergy CFO and COO Jim Murphy said ina statement. The companyhas 6,983 MW of wind capacity, according to its website.

WakeWind's 257 MW in capacity puts it among the top ten largest wind facilities in Texascompared to currently operating facilities, according to S&P Global Market Intelligencedata.

Constructionof the project has already begun, and Invenergy expects commercial operation tostart in the third quarter of this year.Wake Wind, located about 50 miles east of Lubbock, Texas, will be made up of 1501.715-MW turbines from General ElectricCo. The cost of the project is not public. S&P Global Market Intelligenceestimates the cost at nearly $600 million.

In late2015, Wake Wind scored a contractto sell 100 MW of its power to data center company Equinix Inc. The facility also has a 125-MW contract to supplypower to insulation producer Owens Corning, according to the S&P Global MarketIntelligence.

The company'sbiggest wind expansion in the state is yet to come. Invenergy's largest proposedwind project in Texas is the 300-MW Santa Rita Energy Center in Reagan County.