Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co. announced it has received tax equity financing from BHE Renewables (a Berkshire Hathaway Energy subsidiary) and Citi, for Goldwind’s 160-MW Rattlesnake Wind Project located in McCulloch County, Texas.
Xinjiang Goldwind Science & Technology has received a tax equity for Goldwind’s 160-MW Rattlesnake Wind Project. The funding serves as a critical milestone as Goldwind aims to expand its pipelines of projects throughout North America.
“At Goldwind, we are steadfast in our approach to the United States and broader North American wind markets,” says David Sale, Chief Executive Officer of Goldwind Americas. “The successful tax equity financing for the Rattlesnake Wind Project by world-class institutions Berkshire Hathaway Energy and Citi serves as a critical milestone in Goldwind’s commercial strategy in North America,”
That strategy includes expanding Goldwind’s pipeline of projects across the Americas, differentiation through innovation, transparency, and validation of turbine performance, and bankability of Goldwind’s PMDD technology.
Goldwind Capital, another U.S.-based subsidiary of Xinjiang Goldwind Science & Technology Co. provided construction financing for the project that will sell power under a long-term fixed price energy hedge.
“The evolution of the Rattlesnake Wind Project from acquisition to commercial operations, and its financing – the first of its kind for a Chinese wind energy technology company – highlights not only the reliability and bankability of Goldwind’s technology, but it also underscores our long-term commitment to the U.S. wind market,” explains Saad Qais, Chief Financial Officer for Goldwind Americas.
Goldwind’s wind turbines provide cleaner, cost-effective energy, while creating jobs, stimulating economic growth, and reducing impact on the environment. Using 64 Goldwind GW 109/2.5MW PMDD wind turbines, the Rattlesnake Wind Project brought significant economic benefit to the community of McCulloch County, supporting approximately 250 well-paying construction and service-related jobs at the peak of construction. The project is Goldwind’s largest U.S. wind project to date.
Filed Under: Financing, News
