Invenergy Secures Financing for 207-Megawatt Wind Farm in TexasJustin Doom
Invenergy LLC, a closely held U.S. renewable-power developer, arranged an undisclosed amount of financing for a 207-megawatt wind farm under construction in Texas.
Morgan Stanley affiliates arranged debt financing, including construction loans, Chicago-based Invenergy said today in an e-mailed statement. Invenergy also received tax-equity commitments from undisclosed institutions. Alissa Krinsky, a company spokeswoman, declined to comment on the amount received or financial terms.
The Rattlesnake Wind Energy Center in Glasscock County, about 40 miles (64 kilometers) southeast of Midland, is expected to begin producing power in the third quarter of 2015.