The company has also closed the funding under its tax equity financing for the project.
Leeward procured the wind turbine equipment from GE Renewable Energy, and Citi provided tax equity financing of US$162.9m (€131.62m).
Mountain Breeze is comprised of 62 GE Renewable Energy onshore wind turbines.
Leeward designed and constructed the greenfield project from the ground up and will own and operate the wind farm in the long-term.
Mountain Breeze sells its output to Xcel Energy – Colorado under a long-term PPA.
Leeward also supplies renewable energy to Xcel Energy – Colorado from its nearby Cedar Creek Wind project in Weld County, and to Xcel Energy – Southwest from its Caprock Wind project in Quay County, New Mexico.
Leeward Renewable Energy Completes Construction and Tax Equity Financing for Mountain Breeze Wind Farm
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Leeward Renewable Energy Completes Construction and Tax Equity Financing for Mountain Breeze Wind Farm - Press Release
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Leeward Completes Construction, Financing on Mountain Breeze Wind Farm
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Canada Pension Plan Investment Board has formed a new company to boost its European investments in renewable energy.
Renewable Power Capital Ltd. says it will invest in solar, onshore wind and battery storage, among other things, and has a target investment size of $100-million to $500-million a deal. The new venture is designed to kick-start CPPIB’s renewable-energy investments in Europe, which have been largely limited to a 2019 joint venture with Enbridge Inc. called Maple Power to invest in offshore wind projects.