General Electric Co., the world’s biggest maker of power-generation equipment, is providing equity financing for a wind farm that Invenergy LLC is building in central Michigan.
Invenergy didn’t say how much GE is investing in its 110.4-megawatt Gratiot County project in a statement today. UniCredit Bank AG, Natixis, Rabobank and Siemens Financial Services GmbH are providing debt financing, the closely held developer said. DTE Energy Co. will buy the project’s electricity under a 20-year contract.
Invenergy, based in Chicago, also is building a second, 102.4-megawatt phase that DTE Energy will acquire when complete. GE is supplying 133 of its 1.6-megawatt wind turbines for the two phases, and construction is expected to be complete in the first quarter of 2012.