The amount was not disclosed. Scheduled for completion in the first quarter of 2012, the wind farm will use 69 GE 1.6MW turbines featuring 82.5-meter diameter rotors.
Invenergy will sell all power and renewable energy credits to utility DTE Energy under a long-term contract.
“This financing, together with our bank loan facilities that were recently completed, provide Invenergy with a strong investor base for our Gratiot County Wind project,” says Jim Murphy, chief financial officer at Invenergy. GE has now invested in four Invenergy wind projects during the past four years.
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