McCulloch County, Texas, the geographic center of the state is now home to a recently completed 180 MW Heart of Texas Wind Farm.
Colorado-based Scout Clean Energy developed, constructed and owns the wind farm. Work on building the farm started last fall. The farm consists of at least 64 wind turbines.
The completion of construction follows the commissioning of Scout’s 300MW Ranchero wind farm in Crockett County, Texas late last year according to a report by Environment Energy Leader.
HTX has secured an offtake contract with Allianz Global Corporate & Specialty’s Alternative Risk Transfer unit, in partnership with Nephila Climate. REsurety provided the risk analytics supporting the long-term offtake transaction. Construction financing of $255 million (including letters of credit) was provided by KeyBank as Administrative Agent, Rabobank and CoBank, ACB. GE Energy Financial Services and BHE Renewables invested tax equity financing.
The project has tax incentive agreements in place with McCulloch County, McCulloch County Hospital District, and Lohn Independent School District. It is estimated that the county will receive approximately $36 million in tax revenue over the life of the project.
Source: Environment Energy Leader