Invenergy today announced that it has arranged debt financing for its Luning Solar Energy Center ("Luning"), which currently is under construction in Luning, Nevada.
Natixis and NORD/LB New York Branch acted as joint lead arrangers for the construction financing. Natixis also acted as administrative agent and provided a letter of credit facility in support of the transaction. After construction, Invenergy will sell the project to Liberty Utilities.
"We're pleased to reach financial close of the Luning solar facility and to partner with Liberty Utilities to deliver even more clean energy to the region," said Jim Murphy, Chief Financial Officer and Operating Business Group President at Invenergy.
The Luning solar facility will have the capacity to generate approximately 50MW of power from over 200,000 PV modules when commercial operation commences early next year. Luning to date has employed over 250 full-time workers during construction and will also require full time staffing after commercial operation.