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Invenergy secures financing for 200MW wind energy project in Kansas, US

CTBR Staff Writer Published 18 May 2015

Invenergy Wind has secured debt and tax equity project financing for the 200MW Buckeye wind farm in the US state of Kansas.

Wind turbine

Morgan Stanley Senior Funding and affiliates served as the sole lead arranger and lender for the construction financing.

Invenergy did not disclose the names of financial institutions from which it secured tax equity commitments.

The Buckeye wind energy center in Ellis County features GE 1.79MW turbines. It is currently under construction with Blattner Energy serving as the civil and mechanical contractor.

Henkels & McCoy, EPC Services, and Par Electrical will handle the electrical collection, substation, and transmission line works respectively.

The wind farm is expected to start commercial operation in the final quarter of 2015.

Lincoln Electric System has agreed to buy 100MW of energy generated from the Buckeye wind farm under a long-term power purchase agreement, signed in December 2014.

Invenergy CFO and COO Jim Murphy said: "The combination of the state-of-the-art GE turbines and our excellent wind resource at Buckeye Wind enables Invenergy to offer exceptionally attractive pricing to our customers.

"In addition, this is the fourth wind project financing that we've completed with Morgan Stanley, one of our key relationship banks."

Invenergy and its affiliated firms have developed over 9GW of projects in North America and Europe that are in operation, in construction, or under contract.

Image: The 200MW Buckeye wind farm is currently under construction in Ellis County, Kansas. Photo: courtesy of dan/FreeDigitalPhotos.net.