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GE Providing Financing for Invenergy Wind Project in Michigan

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Oct. 5 (Bloomberg) -- 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.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

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

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