GE Renewable Energy has won a supply contract from Lincoln Clean Energy (LCE) for hundred 2.5MW wind turbines of 116m rotor diameter for a 250MW wind farm in Texas, US.
The wind turbines will be deployed at the Willow Springs project located in Haskell County.
LCE had just closed the financing of the wind farm project which will be built at a cost of $330m.
As per the solar energy developer, the Willow Springs wind farm will be offered construction and term funding from Bank of America Merrill Lynch (BAML) and Rabobank. It will also receive long-term tax equity from BAML and BHE Renewables.
Once operational, the wind project will be supported by GE through an extended full service agreement lasting 20 years.
Lincoln Clean Energy founder and CEO Declan Flanagan said: “We are delighted to build on our successful relationship with GE and are well-positioned to execute on our pipeline of more than 1,000 megawatts of advanced-stage development projects across Texas and the Midwest.”
The Willow Springs wind project is likely to produce around 1,000GWh of renewable energy annually which is equivalent to meeting the energy needs of 90,000 US households.
GE onshore wind business president and CEO Pete McCabe said, “Once Willow Springs is complete, GE will have commissioned 1,363 megawatts of wind capacity across six wind farms developed by LCE over four years. We look forward to extending our relationship with LCE and I Squared Capital in the future.”
Apart from the Willow Springs wind project, LEC is also constructing the 253MW Amazon Wind Farm Texas project.
LEC was acquired in January 2016 by I Squared Capital through its ISQ Global Infrastructure Fund.
Image: 3D model of GE's 2MW onshore wind turbine platform. Photo: courtesy of General Electric.