Invenergy commissions 131MW Texas wind farm

Invenergy Wind said today that its Camp Springs Wind Energy Facility is now in commercial operation.

The 130.5 MW project is located in Scurry County just outside of Snyder, Texas, and consists of 87 General Electric 1.5 sle wind turbines.

At full capacity, the facility is to generate enough electricity to power 50,000 homes.

All power is being sold into the ERCOT (Electric Reliability Council of Texas) wholesaler.

Camp Springs in action >>

Invenergy entered into a long-term hedging structure with Fortis Merchant and Private Banking, a division of Fortis.

Fortis also arranged and provided construction financing for the facility.

Along with Invenergy Wind, equity investment was provided by affiliates of JPMorgan, Northwestern Mutual, Prudential Capital Group and Wells Fargo.

Over the past three years, Invenergy Wind has completed 686 MW of wind energy facilities with capital costs of $1.1 billion. Projects are located in Colorado, Montana, Idaho, Tennessee, Iowa, Oklahoma, Texas and Europe.

Invenergy Wind is an affiliate of Invenergy LLC, which also develops natural gas-fired projects. The company is headquartered in Chicago.

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