GE Renewable Energy to supply 250MW Texas wind farm

GE Renewable Energy to supply 250MW Texas wind farm

GE Renewable Energy has been nominated by Lincoln Clean Energy to develop its 250MW wind farm in Willow Springs, Texas.

Lincoln Clean Energy, a portfolio company of private equity firm I Squared Capital, also announced it has secured construction and term financing for the US$330 million project from Bank of America Merrill Lynch (BAML) and Rabobank.

Under the agreement, GE will provide 100 of its 2.5-116 wind turbines to the project, and will also perform a 20-year, extended full service agreement supporting the wind farm after commercial operation begins.

The Willow Springs wind farm will provide up to 1 million MWh of renewable energy per year, enough to power 90,000 US homes.

Pete McCabe, president and CEO of GE’s onshore wind business said: “GE is excited to build on our relationships with Lincoln Clean Energy and I Squared Capital.

“Once Willow Springs is complete, GE will have commissioned 1,363MW of wind capacity across six wind farms developed by LCE over four years.

“We look forward to extending our relationship with LCE and I Squared Capital in the future.”

@RGNonline