Rabobank finances Spring Canyon

Rabobank’s New York Branch will finance two expansion phases totaling 60MW at Invenergy’s Spring Canyon Energy wind facility about 210km northeast of Fort Collins, Colorado.

The bank acted as the sole lead arranger, administrative agency and lender for the transaction. Financial terms were not made public.

Spring Canyon II and III consist of 35 General Electric 1.7MW wind turbines with 100-meter rotor diameter.  The project is under construction with commercial operation to begin in the fourth quarter.

Invenergy has a 25-year power off-take agreement covering the two phases with Fort Collins-based Platte River Power Authority.