Invenergy has completed construction financing to secure the Upstream Wind Energy Center, a 202.5MW wind project located in Antelope County, Nebraska.
The company, which is the largest privately owned renewable energy organization in North America, received support for the project through Santander Global Corporate Banking.
The Upstream Wind Energy Center will begin operations at the end of 2018 and will provide an injection of $2 million to the local economy, while creating over 240 jobs (with 11 permanent positions). The project, composed of 81 wind turbines, will also generate enough energy to power approximately 68,000 households.
Senior Vice President, Structured Finance at Invenergy, Meghan Schultz said, “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. 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.”
Santander’s Head of Project and Acquisition Finance for North America, Nuno Andrade said, “By financing the Upstream Wind Energy Center, we are investing in Invenergy’s efforts to develop clean power and create jobs in the U.S. We are proud to support projects that not only benefit the environment by creating renewable energy sources, but also the larger communities where they are located.”