ABB_id2059
in News Departments > Projects & Contracts
print the content item

E.ON Climate & Renewables (EC&R) North America has secured $223.6 million in financing for the 203 MW Magic Valley Wind Farm, located in Willacy County, Texas.

The financing includes institutional equity financing of approximately $167.7 million and a commitment to fund expected capital contributions of approximately $55.9 million from a group of investors that includes JPM Capital Corp. and Wells Fargo Wind Holdings LLC in exchange for a partial interest in EC&R's recently completed Magic Valley Wind Farm. J.P. Morgan acted as lead investor in the financing.

The wind farm, which started operations in September, consists of 112 Vestas 1.8 MW wind turbines.


IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015