Projects & Contracts

Invenergy Completes Financing For 120 MW Gunsight Facility

January 8, 2016

Invenergy Wind LLC has arranged debt and tax equity project financing for its Gunsight Wind Energy Center, which is currently under construction in Howard County, Texas.

The New York branch of Cooperative Centrale Raiffeisen-Boerenleenbank BA (Rabobank Nederland) acted as the sole lead arranger, administrative agent and lender for the construction financing.

When commercial operations commence in June, Invenergy’s Gunsight facility will have the capacity to generate approximately 120 MW of power from 67 GE 1.79 MW wind turbines. Details on the project output will be disclosed at a later time.

Invenergy notes that Gunsight is creating more than 250 construction jobs and eight permanent jobs once the project begins operations. The wind farm will further benefit its host community economically through annual payments to Howard County and lease payments to participating landowners.

“We’re pleased to reach financial close of the Gunsight project and add to our growing portfolio of wind facilities in Texas,” comments Jim Murphy, chief financial officer and operating business group president at Invenergy. “With the addition of Gunsight, Invenergy will operate more than 1,500 MW of power plants in the state.”