Lincoln Clean Energy (LCE), a portfolio company of I Squared Capital, announced the financing of its Tahoka Wind project, a 300-MW wind farm in Lynn County, Texas.
The Texas project will receive construction and term financing from Morgan Stanley andlong-term tax equity from BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy Company.
GE Renewable Energy will supply the project with 120 of its 2.5-127 wind turbines and provide long-term services for the facility.
“The successful financing of this project underlines the competitiveness of U.S. wind power,” explains Founder and CEO of Lincoln Clean Energy, Declan Flanagan. “With the uncertainty of tax reform behind us, the next three years are going to be big for renewables, and LCE is well-positioned to execute on more than 1,000 MW of advanced-stage development projects across Texas and the Midwest.”
The project will receive construction and term financing from Morgan Stanley as well as long-term tax equity from BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy Company.
“I Squared Capital is proud to be at the forefront of the transition to renewable energy in the United States,” commented Adil Rahmathulla, a Director of LCE and Partner at I Squared Capital. “Combined with the recently commissioned Amazon Wind Farm Texas and Willow Springs Wind Farm, LCE will generate approximately 3.3 million-MWh of renewable energy per year, or enough to power the equivalent of over 300,000 U.S. homes.
LCE now has 813 MW of wind and solar power in operation or under construction.
Filed Under: Financing, News, Projects
