Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

GE Providing Financing for Invenergy Wind Project in Michigan

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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.