Innergex reaches financial closure on 225 MW wind project in Texas

Canadian renewable energy company Innergex Renewable Energy has achieved closing of construction financing and tax equity commitment for the 225 MW Griffin Trail wind project located in Knox and Baylor Counties of Texas, the US. …

The financing of $276.2 million was arranged with Sumitomo Mitsui Banking Corporation, which acted as coordinating lead arranger, while CIBC served as the joint lead arranger. The project is expected to generate 819GWh of clean energy every year which will be enough to power approximately 57,000 Texan households. Griffin Trail project is expected to be commissioned by third quarter of 2021. Further, the total construction cost is estimated to be about $284.7 million.

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