TOP STORIES

Natixis funds 677MW Invenergy quartet with $1.27bn

RICHARD HEAP

March 22, 2024

Invenergy has secured funds totalling $1.27bn to support the construction of four US renewable energy projects totalling 677MW from Natixis Corporate & Investment Banking.

The projects are the 200MW Diversion wind farm in Texas; the 135MW Flat Ridge IV and 153MW Flat Ridge V wind farms in Kansas; and the 189MW Pixley solar farm in Kansas. All four are being built and are due to be owned by American Electric Power subsidiaries Southwestern Electric Power Company and Public Service Company of Oklahoma on completion in late 2024.

Natixis has provided the funds to support the development and construction of the portfolio.

Brian Bortman, senior vice president of finance and capital markets at Invenergy, said: “Our talented finance team is grateful for Natixis’ continued confidence in our premier development capabilities, and we look forward to finishing construction on these important clean energy centers for AEP and customers in the region.”

James Kaiser, managing director director and head of North America infrastructure and energy finance at Natixis CIB, said: “Natixis CIB is pleased to have supported Invenergy, a longstanding client and partner of the bank, on the financing of these projects that will meet capacity needs and contribute to decarbonizing the grid in the region once operational. This series of financings demonstrates Natixis’ commitment to accelerating the energy transition and supporting its clients along the way.”

Read more