The Illinois Finance Authority (IFA), a state-financing agency, is considering providing Chicago-based Invenergy’s 150-megawatt White Oak project with a loan guarantee. The guarantee was internally approved, an industry source tells G.E.R., given certain conditions are met.
To attract renewable energy developers to Illinois last year IFA established a $3 billion loan guarantee program to support wind projects and other renewable energy initiatives.
The state agency is currently reviewing applications for 750 megawatts of wind projects, our source tells us. We’ve called Invenergy and will post with any update.