E.ON Climate & Renewables North America (EC&RNA) has closed tax equity financing with investors Allianz Capital Partners and State Street Corp. in exchange for partial interest in the Colbeck’s Corner LLC Wind Farm in Texas.
Located in Carson and Gray counties, 37 miles east of Amarillo, EC&RNA’s Colbeck’s Corner is a 200.48 MW wind project comprising 112 GE 1.79-100 turbines, creating enough electricity to power approximately 64,000 homes.
During the next 25 years, Colbeck’s Corner is projected to generate more than $32 million in property taxes for Carson and Gray counties. This additional revenue will support essential county services and local schools, says EC&RNA, adding that it has developed more than 3 MW of wind projects in the U.S. since 2005.
“Wind farms such as Colbeck’s Corner produce clean, reliable and affordable homegrown American energy for many years,” says Patrick Woodson, chairman of EC&RNA. “Equally important, projects like these create much-needed immediate and long-term economic impact through temporary and permanent jobs and increased tax revenue to rural areas. We appreciate the assistance of our landowners and area officials leading up to the commercial operation of Colbeck’s Corner.”