Copenhagen Infrastructure Partners (CIP), a fund management company focused on energy infrastructure, is investing in the Bearkat II wind project in West Texas.
Through its Copenhagen Infrastructure II K/S (CI-II) fund, CIP will make a net equity investment of approximately $80 million for the construction of the project, located in Glasscock County. Bearkat II represents what will be the fifth project in a larger portfolio of U.S. onshore wind assets in which CI-II has invested, with an aggregate capacity of 821 MW. This includes the 197.6 MW Bearkat I wind farm, also located in Glasscock County.
The Bearkat II wind farm will consist of 47 V126-3.45 MW Vestas turbines for a total capacity of 162.2 MW. The project, expected to commence commercial operations in December, qualifies for 100% of the production tax credit. One or more tax equity investors will enter the project at commercial operations and will provide the remaining capital.
Bearkat II has been co-developed with Dallas-based developer TriGlobal Energy. The balance-of-plant construction will be executed by Black & McDonald, and Vestas will provide operations and maintenance for the turbines via a 30-year service agreement. The project will sell its generated power to the ERCOT market.
The project is expected to generate power equivalent to the electricity consumption of more than 56,000 average U.S. households annually.