Invenergy completes purchase of 620 Megawatt power plant in Grays Harbor
Invenergy Development Company, LLC announced the successful refinancing of its 620 MW Grays Harbor Energy Center (“Grays Harbor”), a natural gas-fueled power generation project in Elma, Washington.
The plant began commercial operations in 2008, approximately thirty miles west of Olympia, in Grays Harbor County. The facility consists of two gas-fired GE Frame 7FA combustion turbines and one GE steam turbine generator operating in combined-cycle mode with duct firing.
GE Energy Financial Services – through GE Capital Markets, Inc. acted as Book Runner and Joint Lead Arranger for the transaction. CoBank also served as Joint Lead Arranger. In addition, BNP Paribas and Union Bank are providing financing in connection with this transaction.
Invenergy Development Company LLC is a joint venture between Invenergy Thermal LLC, an affiliate of Invenergy LLC (“Invenergy”), and Stark Investments, a global alternative investment firm.
About Invenergy – www.InvenergyLLC.com
Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe. Invenergy (invenergyllc.com) is committed to clean power alternatives and continued innovation in electricity generation. Invenergy’s home office is located in Chicago and it has regional development offices throughout the United States and in Canada, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 8,000 MW of clean energy projects that are in operation, in construction, or under contract, including 65 wind, solar, and natural gas power facilities.