Invenergy and Enerco Arrange Financing for Poland Wind Project

Invenergy LLC, a closely held U.S. renewable-power developer, and local company Enerco arranged financing for a 24-megawatt wind farm that’s under construction in Poland.

The Porzecze project, about 280 miles (450 kilometers) northwest of Warsaw, uses 16 1.5-megawatt turbines from General Electric Co. and will be operational early next year, Chicago-based Invenergy said in a statement. Terms weren’t disclosed.

Invenergy and Enerco co-own eight other wind farms in Poland with a total capacity of 227.5 megawatts and are building a 10th, expected to be finished in 2014, according to the Dec. 3. statement.

Poland is seeking to produce 15 percent of its power from renewable sources by 2020 to meet European Union mandates.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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