Tue January 26, 2021 - West Edition #3
PR Newswire
Located northwest of Abilene in Rotan, the 250 MW wind farm has begun selling power into the grid and will generate enough clean, renewable energy to meet the electricity needs of more than 74,800 homes annually.
BayWa r.e. has completed construction and achieved financial close of the
Amadeus Wind project in Texas. Located northwest of Abilene in Rotan, the 250 MW wind farm has begun selling power into the grid and will generate enough clean, renewable energy to meet the electricity needs of more than 74,800 homes annually. Amadeus is the largest onshore wind project completed to date in BayWa r.e. s global portfolio.
By Staff
A 72.6-megawatt Hancock County wind energy farm, which twice failed to get developed, is now operating and online.
Fengate Asset Management, a Toronto-based investment firm and the current owner of the Weaver Wind project, made the announcement last week in a news release.
“Fengate is very pleased the Weaver Wind project is operational,” said Greg Calhoun, Fengate s managing director. “This project provides a new source of clean, reliable energy for Maine and is a significant renewable energy investment for our investors.”
The wind farm includes 22 turbines in the sparsely populated towns of Eastbrook and Osborn, which each cover about 40 square miles but together number fewer than 500 residents.
Fengate announces structured equity investment in 250 megawatt wind project
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HOUSTON, Dec. 21, 2020 /PRNewswire/ - Fengate Asset Management ( Fengate ) is pleased to announce financial close on its acquisition of a majority interest in the Amadeus 250 megawatt wind project in Kent, Fisher and Stonewall counties, Texas, that recently reached commercial operation and tax equity funding from BHE Renewables.
Amadeus was developed and constructed by BayWa r.e. Wind, LLC ( BayWa ), a leading developer of U.S. wind projects. BayWa will continue to own a minority interest in Amadeus and provide ongoing asset management services. Amadeus utilizes proven GE wind turbines with GE providing a long-term services agreement and operates with a long-term energy hedge.
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CARLSBAD, Calif., Dec. 21, 2020 /PRNewswire/ BayWa r.e. has completed construction and achieved financial close of the Amadeus Wind project in Texas. Located northwest of Abilene in Rotan, the 250 MW wind farm has begun selling power into the grid and will generate enough clean, renewable energy to meet the electricity needs of more than 74,800 homes annually. Amadeus is the largest onshore wind project completed to date in BayWa r.e. s global portfolio.
Amadeus
Amadeus consists of 96 GE wind turbines deployed across nearly 25,000 acres of federal, state and privately held lands. Over the lifetime of the plant, it will provide millions of dollars in tax benefits to the local community. The wind farm will also reduce the need for power generated from fossil fuels and will keep over 648,000 metric tons of carbon dioxide greenhouse gases from being released into the atmosphere each year.
Amadeus is located northwest of Abilene in Rotan and has begun selling power into the grid.
It is the largest onshore wind project completed to date in BayWa RE s global portfolio.
The wind farm consists of 96 GE turbines deployed across nearly 10,000 hectares of federal, state and privately held lands.
Over the lifetime of the plant, it will provide millions of dollars in tax benefits to the local community.
BayWa RE chief executive Florian Zerhusen said: “We are grateful to all the stakeholders that worked hard to make this project a success, despite this year s profound global challenges.”
Commerzbank financed the construction loan for the project, while Morgan Stanley is purchasing the energy from the project under the terms of a 10-year hedge agreement.