ENGIE North America has begun construction of the Jumbo Hill Wind project in Andrews County, Texas. With a total capacity of about 160 MW, Jumbo Hill is scheduled to be online by spring of 2020.
The total capital investment of the Jumbo Hill Wind is over $150 million, and there will be up to 250 people employed at the site during the height of construction activity. The project is expected to employ up to 12 people long-term.
The project will provide Renewable Energy Credits to a corporate customer under a virtual Power Purchase Agreement (PPA). It also entered a Proxy Revenue Swap for a portion of its generation with Allianz Global Corporate & Specialty’s specialist weather-risk team, in collaboration with its partners at Nephila Climate. REsurety Inc provided risk analytics supporting the Proxy Revenue Swap transaction and will serve as the calculation agent on an ongoing basis.
Jumbo Hill will use 57 GE Renewable Energy turbines, each with 127-meter rotors and a capacity of more than 2 MW, and the balance of the facility will be built by Wanzek Construction.
“ENGIE is thrilled to be announcing our fifth wind project to start construction over the past year,” said Emily Cohen, Vice President of Commercial Strategy within ENGIE North America’s wind development team. “The construction of the Jumbo Hill Project will take ENGIE North America’s renewable generation built or under construction to more than 1.5 GW of capacity. It is a strong project in a unique location in West Texas, and we expect it to complement and help grow the evolving industries in the region.”
Jumbo Hill will also generate significant economic development in the local area, including annual payments to landowners will total millions of dollars over the life of the project, combined with purchases of local goods and services, and nearly $30 million in payments to the various taxing entities. The project is part of the portfolio acquired in 2018 by a subsidiary of ENGIE North America from Infinity Power Partners, a joint venture between Infinity Renewables and MAP Energy.
Filed Under: Construction, News
