WISCREPORT.COM (10/31/07) - Invenergy Wind LLC (Invenergy) announced the successful closing of construction and term debt financing for its Forward Energy wind farm in Dodge and Fond du Lac Counties in Wisconsin. The Forward Energy project was the first wind project to be permitted through the State Certificate of Public Convenience and Necessity (CPCN) permit process. The project is currently under construction and is expected to be completed in early 2008.
Power will be sold under long-term contracts
with Wisconsin Public Service, Wisconsin Power and Light, Madison Gas and Electric and Wisconsin Public Power.
Major equipment includes 66 GE 1.5MW SLE wind turbines. White Construction will build foundations and erect the turbines and Michels Corporation will manage the construction of the project.
The debt facility was co-underwritten by Dexia Credit Local and Nord/LB.
The wind farm will be operated by Invenergy.
Chicago-based Invenergy Wind LLC is an affiliate of Invenergy LLC, a developer, owner and operator of utility-scale electricity generating facilities including wind energy and natural gas-fired projects.
Invenergy Wind currently has 12 facilities representing more than 1,300 megawatts of wind energy projects in operation and construction in the US and Europe.
Wind energy projects completed and under construction by Invenergy Wind are expected to generate more than 3.6 billion kilowatt hours of electricity per year with clean and renewable generation technology, enough to power almost 400,000 homes.
Invenergy is headquartered in Chicago and has North American offices in Denver, Washington D.C., Toronto, Milwaukee, Tampa, San Francisco and Austin, Texas. Overseas offices are located in London, Warsaw, Budapest and Athens.