Invenergy finances another wind project
Invenergy, LLC, continues to defy the harsh wind project financing climate. The wind developer’s most recent capital deal: the company just closed on a $30 million convertible note from Leaf Clean Energy Co., an investment firm focusing on North American clean energy opportunities. This marks the first foray into wind power for Leaf Clean Energy.
In January, Invenergy announced the successful closing of a $250 million capital raise with a group of institutional investors, to be used for general company purposes. Also in January, the developer announced the closing of debt and equity financing for its subsidiary, Coastal States Wind Holdings, LLC, which consists of the 169.5-MW Turkey Track facility in Texas, the 72-MW Willow Creek wind farm in Oregon, and the 112.5-MW High Sheldon Wind Farm in New York.
In December Invenergy closed on equity financing for its Middle-South Wind Holdings portfolio, which consists of the 150-MW McAdoo Energy wind farm in Dickens County, Tex., and the 99-MW Grand Ridge Energy Center in La Salle County, Ill.