Innergex secures US$534mn financing for 330 MW Boswell Springs wind project in Wyoming

Innergex Renewable Energy has secured a US$534 million financial close for the development and construction of the 330 MW Boswell Springs wind project located in Albany County, Wyoming, USA.

The financing includes a US$203m 10-year non-recourse term loan with BNP Paribas, Credit-Agricole CIB, Export Development Canada, and MUFG Bank, acting as joint lead arrangers, for the construction and operation of the wind project. The clean energy that will be generated by the wind farm will be sold under a 30-year, 320 MW busbar power purchase agreement (PPA) signed with PacifiCorp, a Berkshire Hathaway subsidiary.

The commercial operation date of the plant is scheduled for Q4 2024. The engineering, procurement, and construction (EPC) contract has been signed with Mortenson to act as the balance of plant contractor for the project and AEI as the EPC contractor for the transmission line.