Texas Wind Power for 2008

John Davis

Invenergy Wind LLCThe Stanton Wind Energy facility in Martin County, TX is winding down construction and estimates its facility will be fully operationally by early 2008.

Invenergy Wind LLC has announced the successful closing of construction and equity financing for its 120 MW Stanton Wind Energy Center (“Stanton”) in Martin County, Texas. The debt facility was underwritten by lead arranger Dexia Credit Local and co-arranger Natixis. The equity will be provided by GE Energy Financial Services.

Stanton will utilize 80 General Electric 1.5MW SLE wind turbines and construction is being managed by DH Blattner & Sons. Full commercial operation of the wind farm is scheduled for early 2008. The project interconnects with Oncor, the transmission affiliate of TXU, and all power will be sold into the ERCOT market. Energy price risk is hedged through a long-term agreement with Credit Suisse Energy. The wind farm will be owned and operated by Invenergy.

Invenergy acquired the Stanton Wind Energy Facility from Wind Tex Energy, L.P.

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