E.ON has secured tax equity financing for its 228 MW Bruenning’s Breeze wind farm in Willacy County, Texas.
A subsidiary of JPMorgan Chase & Co. and an undisclosed investor provided tax equity financing in exchange for a partial interest in the Bruenning’s Breeze project. The wind farm achieved commercial operations and closing of tax equity in December 2017.
Bruenning’s Breeze is made up of 76 Acciona AW-125 3.0 MW turbines, creating enough electriciy to power approximately 75,000 homes.
A team of more than 250 construction workers completed the Bruenning’s Breeze project, and 14 personnel, including technicians, are stationed on-site day to day. During the next 25 years, Bruenning’s Breeze is projected to generate more than $57 million in property taxes for Willacy County. This additional revenue will support essential county services and local schools, notes E.ON.
Since 2005, E.ON has developed more than 3 GW of wind projects in the U.S.
