US-based Invenergy Wind has completed debt arrangement and tax equity project financing for its under-construction 200MW Buckeye wind energy centre in Ellis County, Kansas.
Sole lead arranger, administrative agent, and lender for the construction financing is Morgan Stanley Senior Funding and its affiliates.
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Invenergy Wind has not revealed details about the arranged tax equity commitments.
The project is located around 200 miles north-west to the city of Wichita. It is expected to become operational by the end of this year.
Construction works for the development started in March.
A significant portion of the power output will be supplied to Nebraska-based Lincoln Electric System under a long-term power purchase agreement (PPA).
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By GlobalDataBlattner Energy is civil and mechanical contractor for the wind power development, which will be equipped with wind turbines from General Electric (GE), with each having a generation capacity of 1.79MW.
Henkels & McCoy, EPC Services, and Par Electrical are the contractors that will set up the electrical collection, substation and transmission line for the centre, respectively.
Invenergy chief financial officer and chief operating officer Jim Murphy said: "We’re pleased to have reached financial close for Invenergy’s first power generation project in Kansas, one of the nation’s top ten states for installed wind.
"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."
Image: The 200MW project will feature GE’s 1.79MW wind turbines. Photo: courtesy of dan / FreeDigitalPhotos.net.
