SunEdison Begins Construction of 300MW South Plains II Wind Farm in Floyd County, Texas

SunEdison, Inc., the world's largest renewable energy development company, today announced that it has closed financing and begun construction on one of its largest wind farms to date, the 300-megawatt (MW) South Plains II wind farm in Floyd County, Texas.

SunEdison Closes $390 Million of Financing for 300 Megawatt Wind Farm in Texas

The wind farm is expected to generate approximately 1,200 gigawatt-hours of energy each year, enough to power more than 90,000 Texas homes and avoid the emission of 2 billion pounds of carbon dioxide.

"The South Plains II wind power facility will have a positive economic impact for the people of Texas," said Paul Gaynor, SunEdison's executive vice president of Americas and EMEA. "This is expected to become one of SunEdison's largest wind projects, creating about 300 construction jobs and ensuring that thousands of Texans have access to clean, cost-effective electricity."

Citi provided the construction loan facilities for the project and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, in partnership with Citi, will invest in the tax equity.

"Our company has been a leader in wind project development and ownership," said Tom Budler, president of BHE Wind, a division of BHE Renewables. "As we look for new ways to be involved in developing renewable generation, we see tremendous opportunity to move the industry forward through investment in the tax equity market."

The project is being built by Mortenson Construction, one of the nation's top wind farm builders; and the wind turbines are being supplied by Vestas.

"We are delighted to be partnering with SunEdison on this wind farm and contributing to the growth of the renewable energy industry in Texas," said Tim Maag, Mortenson's Wind Energy Group vice president and general manager.

Hewlett-Packard plans to purchase 112 megawatts of the wind farm's capacity to power 100 percent of its Texas-based data centers as part of the company's sustainable cloud initiative. The remaining 188 MW capacity will be sold to an affiliate of Citi.

Construction is targeted for completion in 2016. The wind farm is on the Call Right Projects List for TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants. TerraForm Power anticipates acquiring the project once complete.

Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global asset management, monitoring and reporting services.

Source: http://www.sunedison.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.