May 26, 2018 1:24 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Invenergy LLC

Company Overview

Invenergy LLC develops, owns, and operates power generation and energy storage facilities in North America and Europe. It develops and operates wind, solar, natural gas, combined heat and power generation, and energy storage projects. The company also provides operations and maintenance services. Invenergy LLC was founded in 2001 and is headquartered in Chicago, Illinois with regional offices in Denver, Toronto, Mexico City, Warsaw, and Tokyo. It also has operation in Oregon.

One South Wacker Drive

Suite 1800

Chicago, IL 60606

United States

Founded in 2001

Phone:

312-224-1400

Fax:

312-224-1444

Key Executives for Invenergy LLC

Founder & CEO
Age: 66
President and Chief Operating Officer
Chief Financial Officer and Senior Vice President
Chief Administrative Officer and Senior Vice President
Chief Legal Officer and Senior Vice President
Compensation as of Fiscal Year 2017.

Invenergy LLC Key Developments

Invenergy LLC Presents at AWEA WINDPOWER Conference and Exhibition, May-07-2018 through May-10-2018

Invenergy LLC Presents at AWEA WINDPOWER Conference and Exhibition, May-07-2018 through May-10-2018. Venue: Chicago, Illinois, United States. Presentation Date & Speakers: May-08-2018, Alex George, Senior Vice President of Operations and Asset Management, Meghan Schultz, Senior Vice President of Structured Finance. May-09-2018, Brad Purtell, Director Wind Operations Support, John Fernandes, Director, Regulatory Affairs.

MGM Resorts International Partners with Invenergy to Development 100-Megawatt Solar Array

MGM Resorts International and Invenergy have partnered on a new solar photovoltaic array, which will generate 100 megawatts of clean, renewable energy. The MGM-Invenergy Solar Project will be located 25 miles north of Las Vegas and MGM Resorts will purchase all the energy generated by the project to help power its 13 properties on the Las Vegas Strip. The project will be operational by the end of 2020. This project is in line with MGM Resorts' longstanding leadership and commitment to reduce its consumption of the Earth's limited resources. The project will produce enough electricity to power the equivalent of approximately 27,000 homes. Aside from the renewable energy being used directly by MGM Resorts' Nevada properties, the project will also yield other significant benefits for the state of Nevada. Construction of the project will employ approximately 350 workers. Once operational, the project will generate approximately $20 million of sales and property tax revenues as well as indirect economic benefits to local businesses like hotels and restaurants, while also reducing carbon emissions.MGM Resorts' properties line the Las Vegas Strip from Mandalay Bay Resort & Casino to Circus Circus Las Vegas, and include some of the most recognizable resort brands in the industry including the Bellagio, Mirage, Aria and MGM Grand. With its roots firmly planted in the Las Vegas area, this array furthers MGM Resorts' commitment to Las Vegas and the community. By building the array close to the Las Vegas Strip, it will enable MGM Resorts to directly use the electricity generated from the array. In 2016, MGM Resorts completed the expansion of the nation's large contiguous rooftop solar array. The 26,000 panel, 8.3-megawatt solar array is located on the roof of the Mandalay Bay Convention Center. Since 2015, Invenergy has partnered with ten corporate customers to develop over 1,100 megawatts of new renewable energy capacity.

Grupo Bimbo Signs Virtual Power Purchase Agreement to Receive 100 Megawatts of Wind Energy from Invenergy

Grupo Bimbo announced that it has signed a virtual power purchase agreement (VPPA) to receive 100 megawatts of wind energy from Invenergy. The agreement will deliver emissions reductions as well as social and economic benefits related to Invenergys Santa Rita East wind farm in Texas. This agreement comes as part of Grupo Bimbos larger initiative to become the first baking company in the U.S. to use 100% renewable energy for its operations by 2020. Beginning in the third quarter of 2019, wind energy production from the Santa Rita East wind farm will be matched with energy consumption from Grupo Bimbos U.S. operations through the VPPA agreement. This will result in CO2 emissions reductions of 260,000 tons annually. With this sustainable action, Grupo Bimbo will reach 75% renewable energy at a worldwide level, with overall CO2 emissions reductions of 440,000 tons every year globally.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 22, 2017
Corriegarth Wind Energy Limited
Merger/Acquisition
August 14, 2017
Invenergy LLC, 24.9 MW Shoreham Solar Commons Project On Long Island
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