Akuo Energy, a French IPP in renewable energy, announced the successful completion of the financing and launch of the construction of its third global project, a 150-MW wind farm in Rocksprings, Texas. Akuo Energy selected GE as a preferred partner, representing GE’s industry leadership and ability to equip and finance complex and innovative renewable projects.
Akuo Energy will purchase 53, 2.3 MW GE turbines (with 116-m diameter rotors) and 16, 1.72 MW GE turbines (with 103-m diameter rotors) to take full advantage of the site’s wind resources and topography. With a capacity of 150 MW, the Rocksprings wind farm enjoys exceptional wind conditions.
“We are very pleased to strengthen our relationship with Akuo Energy, and showcase GE’s ability to deliver technology and financing solutions in support of the global renewable energy industry and for our valued customers,” said Anne McEntee, President and CEO Onshore Wind GE Renewable Energy.
In addition to supplying the turbines, GE will supervise the project’s operational and maintenance aspects under a long-term service contract. GE, through GE Energy Financial Services, has also provided tax equity financing for the project.
“Partnering on a second U.S. wind farm with Akuo expands our renewable energy footprint, and continues our support of the global renewable energy industry and GE’s valued customers,” added Kevin Walsh, Managing Director and Head of U.S. Renewables at GE Energy Financial Services.
Of the megawatts produced by the Rocksprings wind farm, 100 MW will be purchased by a major global science company under a 15-year power purchase agreement. The remaining 50 MW will be purchased by another major global American economic player under a 12-year power purchase agreement. The wind farm’s construction is expected to last nine months.
With the signing of this third contract for Rocksprings, GE is now the leading supplier of turbines to Akuo Energy, with 108 turbines that can supply 251 MW of capacity.
Filed Under: Financing, News, Projects, Turbines