Invenergy Wind LLC and a subsidiary of U.S. Bancorp say that renewable energy, tax-equity financing is in place to support Invenergy’s Bishop Hill Wind Project in Illinois. The 200-MW project is going up in Henry County, Illinois.
”Invenergy welcomes U.S. Bancorp as an investor in our Bishop Hill wind project,” said Jim Murphy, Chief Financial Officer and Chief Operating Officer of Invenergy. “This represents U.S. Bancorp’s first investment in an Invenergy wind project, and we look forward to a mutually beneficial, long-term relationship.”
Scheduled for completion in mid-2012, Bishop Hill will consist of 133 turbines and will sell all of its power and renewable energy attributes to the Tennessee Valley Authority under a long-term contract.
Upon completion, about 15 full-time employees will operate and maintain the project. The wind facilities will further benefit the host community economically by providing tax payments to the county and local municipalities, and through land lease payments to nearby landowners.