Invenergy four-project portfolio — Diversion wind (TX, 200 MW), Flat Ridge IV & V wind (KS), Pixley solar (KS, 189 MW) — 677 MW total
Construction financing led by Natixis CIB for four renewable projects. AEP subsidiaries SWEPCO and PSO to assume ownership upon COD. Diversion COD expected Q4 2024; Kansas projects COD Q1 2025.
$1.27B
Deal Value
677MW
Capacity
Solar + Storage
Technology
KS, TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Invenergy
- Buyer / Financier
- Natixis CIB
- Deal Value
- $1.27B
- Stage
- Under Construction
- ISO/RTO
- ERCOT, SPP
- Source
- Power Technology
Capital Structure
$1.27B
Total transaction value
Tranches
- Construction Loan (green loan) · Natixis CIB
- $1.27B
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- Natixis CIB
Related Deals
Bethel Wind Energy Center — ~250 MW onshore wind, Castro County, Texas (ERCOT)
Southern Power / Invenergy → Google
Wind Catcher — 2,000 MW OK Panhandle (800 GE 2.5 MW turbines) + 350-mile 765kV line ($4.5B; cancelled July 2018)
AEP / Public Service of OK + SWEPCO + Invenergy → PSO + SWEPCO ratepayers
$4.5B (announced; cancelled)
Santa Rita Wind Energy Center — 125 MW wind, TX (ERCOT)
Invenergy → Kimberly-Clark
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
ContourGlobal — 4.4 GW global power generation portfolio (gas/coal/wind/hydro/solar)
ContourGlobal plc
£281M (~$370M USD net)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.