Serena has started operations for the Goodnight 1 wind power plant in Texas, marking the company’s first ERCOT endeavor.
Goodnight 1 has a 265.5 MW installed capacity, with its 59 Vestas turbines undergoing final commissioning. The project is expected to be 100% operational by year’s end, when it will be able to supply power to more than 60,000 Texas homes, says the company.
The project had a CAPEX of approximately $300 million. In addition to Serena’s equity and long-term financing raised through a syndicate of banks, Goldman Sachs will invest tax equity in Goodnight 1.
“In every sense, it was crucial that our inaugural project be a resonating success so we could gather even more support from all our stakeholders,” says Serena founder Antonio Bastos. “Thanks to the outstanding efforts of our team and the careful selection of excellent partners like Vestas, we are delivering the project ahead of schedule and within budget.”