Invenergy Wind has closed equity financing for its Forward Energy wind farm in Dodge and Fond du Lac counties, Wis. The equity will be provided by GE Energy Financial Services. In October 2007, Invenergy closed construction and term debt financing for this facility. The debt was co-underwritten by Dexia Credit Local and Nord/LB.
The Forward Energy wind farm will utilize GE's 1.5 MW sle wind turbines. Eighty-six wind turbines, representing 129 MW of electricity capacity, are under construction, and the facility is expected to be fully operational by June. Power will be sold under long-term contracts with Wisconsin Public Service, Wisconsin Power and Light, Madison Gas and Electric, and Wisconsin Public Power. The wind farm will be operated by Invenergy.