Chicago, IL, Nov. 1, 2007 — Invenergy Wind LLC (Invenergy) announced the successful closing of construction and term debt financing for its 99 MW Forward Energy wind farm in Dodge and Fond du Lac Counties, Wisconsin. The debt facility was co-underwritten by Dexia Credit Local and Nord/LB.
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 wind farm will be operated by Invenergy.
For more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.