Friday, May 27 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 23
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    United States : Invenergys Sapphire Sky Wind Energy Center Breaks Ground After Completing Construction Financing

    January 28, 2022 - TendersInfo - News


      Invenergy, the leading privately-held global developer, owner, and operator of sustainable energy solutions, today announced the start of construction following the close of construction financing for the 250-megawatt Sapphire Sky Wind Energy Center located in McLean County, Illinois.

      Sapphire Sky Wind broke ground at the end of 2021 and is scheduled to begin commercial operations in December of 2022. KeyBanc Capital Markets, CaixaBank and National Bank of Canada acted as lead arrangers for the financing, which includes a senior secured construction loan and letter of credit facility.

      Were proud to be expanding Invenergys notable footprint in our home state of Illinois, said Meghan Schultz, Executive Vice President, Finance and Capital Markets at Invenergy, The continued collaboration of our valued lender partners, who share our vision of a more sustainable world, make our ambitious but essential projects possible.

      Once operational, Milwaukee-based WEC Energy Group (NYSE: WEC), one of the nations premier energy companies, will acquire 90% ownership interest in Sapphire Sky Wind, and Invenergy will retain a minority ownership position.

      Invenergy Services, a subsidiary of Invenergy, will oversee Operations and Maintenance while providing Balance of Plant and Administrative Services under a long-term agreement, adding to the more than 13-gigawatt global sustainable energy project portfolio it manages.

      Invenergy Services will be working onsite every day providing best-in-class services to ensure Sapphire Sky Wind operates safely and efficiently, said Kevin Schroeder, Senior Vice President, Renewable Operations, Invenergy. The project will add to the 1,344 megawatts of energy facilities currently managed by Invenergy Services in Illinois.

      Sapphire Sky Wind will generate enough electricity to power nearly 80,000 homes each year, while supporting approximately 300 jobs during the 12-month construction period and 9 full-time operations and maintenance jobs once completed. The project will invest more than $170 million in the local community through property taxes, landowner payments, and wages and benefits.

      With construction underway, were thrilled to bring new jobs and economic growth to McLean County said, Art Fletcher, Invenergys Executive Vice President of Construction. We look forward to delivering more reliable, affordable clean energy and investment in our project host communities across Illinois for years to come.


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.