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Ørsted commissions its largest onshore wind farm to date

Ørsted commissions its largest onshore wind farm to date
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Innergex Achieves Financial Close of its 225 MW Griffin Trail Wind Project in Texas

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LONGUEUIL, QC, Dec. 29, 2020 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ( Innergex ) is proud to announce the closing of a construction financing and tax equity commitment for its Griffin Trail project, a 225 MW wind facility located in Knox and Baylor Counties, in north-west Texas. The US$276.2 million (CAN$354.5 million) financing has been arranged with Sumitomo Mitsui Banking Corporation acting as Coordinating Lead Arranger, and CIBC acting as Joint Lead Arranger, backed by a US$171.4 million (CAN$220.0 million) tax equity commitment from Wells Fargo to be provided upon the commercial operation date.
It was only a few months ago, when the U.S. Production Tax Credits deadlines were extended, that we knew we were in a strong position to bring Griffin Trail forward, and we have since made rapid progress on development and construction, said Michel Letellier, President and Chief Executive Officer of Innergex. S ....

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