Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Green Power
Return to: CTBR Home | Green Power | Wind

E.ON secures services contract for Amazon wind farm in Texas

Published 14 October 2016

E.ON Energy Services has secured a contract from Lincoln Clean Energy (LCE) to provide asset management services for the 253MW Amazon wind farm in Texas, US.

The wind farm, which is expected to open in late 2017, will use 110 GE turbines.

It is expected to generate about 1,000,000 MWh of green electricity annually, enough to power about 90,000 US homes per year.

The facility will sell 90% of the energy produced to Amazon under a long-term contract and 10% to Iron Mountain, a US storage and information management services firm.

LCE CEO Declan Flanagan said: "Complimenting LCE resources with subject matter experts is a key part of our growth plan and E.ON was an obvious choice given their extensive operating experience in Texas wind power."

LCE, a portfolio company of I Squared Capital, recently had pledged to sponsor 100% equity of the wind farm. The cost of the project is estimated at $360m.

E.ON North American chairman Patrick Woodson said: "We are excited to be working with Lincoln as they look to expand.  As an owner, we understand the challenges these long-term projects face, and we want to bring our 'Service with An Owner's Eye' philosophy to the Amazon Wind Farm Texas facility. 

The project will secure finance for construction from Mitsubishi UFJ Financial Group (MUFG) as coordinating lead arranger and Bank of America Merrill Lynch as mandated lead arranger.

Bank of America Merrill Lynch along with GE Energy Financial Services will be investing in long-term tax equity in the project. BayernLB will offer letter of credit facilities upon completion of the construction.

Image: E.ON Energy Services to manage Amazon Wind Farm Texas on behalf of Lincoln Clean Energy. Photo: Courtesy of Amazon.com Inc.