Invenergy Gets Financing for Des Moulins Wind Project in Canada
Invenergy LLC, a closely held renewable-energy developer, received construction, bridge and term loans for a 135.7-megawatt wind farm it’s building in Quebec, Canada.
Prudential Financial Inc. (PRU), Banco Santander SA, Rabobank Group and Mitsubishi UFJ Financial Group Inc. are providing financing for Invenergy’s Des Moulins project, 140 miles (225 kilometers) northeast of Montreal, the Chicago-based company said today in a statement on its website that didn’t include terms. Sunlife Assurance Co. is purchasing fixed-rate notes.
Hydro-Quebec has a 20-year contract to purchase power produced by Des Moulins, which will have 59 Enercon GmbH turbines and is expected to be complete next year.
To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net
To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net
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