December 06, 2013
Invenergy and Enerco Arrange Financing for Poland Wind Project
By Justin Doom - Dec 6, 2013
Invenergy LLC, a closely held U.S. renewable-power developer, and local company Enerco arranged financing for a 24-megawatt wind farm that’s under construction in Poland.
The Porzecze project, about 280 miles (450 kilometers) northwest of Warsaw, uses 16 1.5- megawatt turbines from General Electric Co. and will be operational early next year, Chicago- based Invenergy said in a statement. Terms weren’t disclosed.
Invenergy and Enerco co-own eight other wind farms in Poland with a total capacity of 227.5 megawatts and are building a 10th, expected to be finished in 2014, according to the Dec. 3 statement.
Poland is seeking to produce 15 percent of its power from renewable sources by 2020 to meet European Union mandates.