By Editors of Power Engineering
Invenergy has completed construction financing for its 202.5-MW Upstream Wind Energy Center in Antelope County, Nebraska.
Santander Global Corporate Banking, a division of Santander Bank, acted as sole lead arranger for the construction loan. Santander also acted as administrative agent and provided a letter of credit facility in support of the project.
Upstream Wind Energy Center is currently under construction and scheduled to begin commercial operation in the fourth quarter of 2018. With 81 wind turbines, the wind farm will be able to power as many as 68,000 homes and businesses.
“We are pleased to have reached financial close for our Upstream Wind project, which will help deliver clean, reliable energy to the state of Nebraska,” said Meghan Schultz, Senior Vice President, Structured Finance at Invenergy. “The Upstream Wind project is Invenergy’s fourth wind power generation project in the state. Santander has played an important role in financing for each of these projects.”