Renewable energy developer, owner and operator, Scout Clean Energy, has announced the completed construction of the utility-scale 180MW Heart of Texas Wind Farm (HTX) in McCulloch County, Texas, along with a guaranteed offtake agreement.
Construction began in September 2019 and was completed following the commissioning of Scout’s 300MW Ranchero Wind Farm in Crockett County, Texas late in 2019.
Scout entered a fixed-price balance-of-plant construction agreement with RES Americas Construction, who completed the construction. The asset management and post-construction operation will be undertaken by Scout.
HTX utilizes 64 GE 2MW platform wind turbines and three models of 2MW platform turbines to optimise site production.
Allianz Global Corporate & Specialty’s Alternative Risk Transfer unit, in partnership with Nephila Climate, will purchase the wind energy generated by the project. Risk analytics supported the long-term offtake agreement.
The project has tax incentive agreements in place with McCulloch County, McCulloch County Hospital District and Lohn Independent School District.
It is estimated that the county will receive $36 million in tax revenue over the life of the project.
Construction financing of $255 million was provided by KeyBank as an Administrative Agent, Rabobank and CoBank ACB. GE Energy Financial Services and BHE Renewables invested tax equity in the project.
“Heart of Texas was completed on time and under budget which is quite an achievement given the wide-spread disruption that COVID-19 has caused across the entire US economy,” said Michael Rucker, CEO and founder of Scout Clean Energy.
“Reaching commercial operations at Heart of Texas brings Scout’s operational portfolio of wind energy generation to 698MW with a further 146MW under construction and more than 4,000MW in our active development pipeline.”
Originally published on Renewable Energy World.
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