E.ON Climate & Renewables (EC&R) North America reports that JPM Capital Corp. (J.P. Morgan) has provided equity financing of approximately $76.6 million for a partial interest in the developer's 100 MW Anacacho Wind Farm.
The project, located in Kinney County, Texas, is approximately 14 miles southeast of Brackettville and consists of 55 Vestas 1.8 MW turbines. The wind farm began commercial operation in December.
‘We're delighted to build on our relationship with a first-class financial services firm like J.P. Morgan,’ says Verena Volpert, E.ON SE's senior vice president of finance. ‘We continue to find strong synergies between our operating and their investment philosophies.’