E.ON and GE Energy Financial Services partner for wind Farm in Texas

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E.ON and GE Energy Financial Services partner for wind Farm in Texas

Subsidiaries of E.ON and General Electric are forming an investment partnership to own and operate Grandview Phase I, a 211MW GE-powered wind farm under construction in the Texas Panhandle.

GE Energy Financial Services provided 50% of the partnership equity in the project, with the balance provided by E.ON's subsidiary E.ON Climate and Renewables North America, LLC (EC&RNA). Financial details were not disclosed.

Located 26 miles east of Amarillo in Carson County, Grandview I will use 118 GE 1.7-100 wind turbines, which GE will service under a five-year agreement. EC&RNA is managing construction of the wind farm, expected to begin commercial operations in December. Once complete, EC&RNA will provide operations and maintenance.

The wind farm will feed power into the new Competitive Renewable Energy Zones infrastructure in Texas, utilizing the lines built to add renewable capacity in Texas. Texas is the No. 1 state in installed wind capacity with approximately 12,300MW at the end of 2013, according to Department of Energy 2013 Year End Wind Power Capacity.

Patrick Woodson, CEO of EC&R North America, stated:

Working with such strong partners like GE on the front end is a new effort for E.ON and one that will pay dividends as we bring our 19th wind farm in the United States online. This is our most energetic project ever built and we are excited to harvest the extraordinary wind resource in this area," continued Woodson. EC&RNA has developed 2.7GW of wind projects in the United States since 2005.

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