Gamesa To Deliver Turbines To Minnesota Community Wind Farm

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Gamesa will supply and commission turbines totaling 10 MW of installed capacity for a wind farm in Minnesota. Gamesa signed the contract with Juhl Wind and its customer, Valley View LLC.

The company will deliver five Gamesa G87-2.0 MW turbines with the low-temperature package to the Valley View wind farm outside Chandler, Minn. The site is scheduled to begin operating in the second quarter, and the energy it generates will supply Northern States Power, a subsidiary of Xcel Energy. Â

The wind farm's construction is being financed through a combination of project equity, long-term bank financing and U.S. government funds under Section 1603. This program, introduced as part of the American Reinvestment and Recovery Act in February 2009, offers cash grants to finance projects in lieu of tax credits on 30% of an investment tax credit or a production tax credit.

In addition, Gamesa worked with Juhl Wind on securing creative financial solutions to help move the project forward. The project loans have been provided by Banco Sabadell and Caixa Nova.Â

According to Gamesa, the U.S. accounted for 28% of its overall turbine sales in 2010.

SOURCE: Gamesa

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