Fortis Readies ERCOT Wind Financing

Fortis Capital hopes to kick off construction financing on behalf of Invenergy to support its Camp Springs Energy Center in Texas. Bankers following the deal expect it to kick off in early or mid December. The 130.5 MW wind project at Snyder, Texas, 50 miles northwest of Abilene, does not have a PPA in place.

It is unclear if a financial hedge will be put in place similar to one completed by Fortis on another Invenergy project in Scurry County, Texas (PFR, 11/20). A Fortis official declined to comment, and an Invenergy official did not return a call.

Details on the expected size and pricing of Camp Springs, which will run on 1.5 MW General Electric wind turbines, could not be learned.