Private-asset manager Capital Dynamics, GE Energy Financial Services and Morgan Stanley have completed financing for the 150 MW Briscoe Wind Farm, spanning 20,000 acres in Briscoe County, Texas.
According to the firms, Capital Dynamics' Clean Energy and Infrastructure team completed tax equity agreements with GE Energy Financial Services and Morgan Stanley and finalized construction debt and letter of credit agreements with Morgan Stanley to construct the project.
The wind farm will be powered by 81 GE 1.85-87 wind turbines, and the project has entered into a 10-year full-service agreement with GE to oversee the operation and maintenance of the turbines, with the goal of providing continuity of operations and predictable maintenance costs. The output is expected to be sold into the Electric Reliability Council of Texas energy market.
According to Capital Dynamics, the project rights were acquired from juwi Wind and EBW. juwi developed the project and will continue its involvement through a development services agreement. Wanzek Construction will construct the facility with commercial operations expected to begin in the second half of this year.
