GE Providing Financing for Invenergy Wind Project in 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 (KN), 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.
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