GE Energy Financial Services is investing in a $350 million, 166 MW wind generation project to supply Austin, Texas, with renewable power.
Renewable Energy Systems Americas Inc. (RES Americas), a subsidiary of U.K.-based Renewable Energy Systems, is beginning construction of the Hackberry wind farm in Shackelford County, 30 miles northeast of Abilene this month, and is scheduled to complete it by December.
The Hackberry wind project will employ 72 Siemens MK II 2.3 MW wind turbines. Financial details of the transaction were not disclosed.
The project interconnects with Oncor Electric Delivery Co. and includes a 15-year power purchase agreement with the city of Austin through Austin Energy, a community-owned electric utility.
The project will be constructed, owned and operated by affiliates of RES Americas, including Austin-based affiliate Hackberry Wind LLC.