Dexia Credit Local and Societe Generale led the club debt financing, which includes construction plus a 15-year term loan; and a bridge loan to the ITC cash grant from the US Department of Energy, and ancillary credit facilities.

Union Bank and MetLife are providing a portion of the construction facilities and CP Energy Group served as MetLife’s financial advisor.

Construction on the wind facility, located in Jackson County, started in late September 2010 and is on schedule to be fully operational in late 2011.

The power project, developed by enXco, consists of 137 units of GE 1.5MW turbine with the capacity to generate clean renewable energy for approximately 68,000 homes.

enXco will continue to manage and operate the facility under long-term agreements with enXco Service Corp, and retains an option to purchase back the facility.

Indianapolis Power & Light will purchase the power generated under a 20-year power purchase agreement.

The permanent financing of Lakefield power project is structured as a leveraged lease whereby Union Bank and MetLife have committed to purchase the project at the start of commercial operations and lease it back to enXco.