Goldwind Americas, a subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., recently announced that it has signed an agreement with Renewable Energy Systems Americas Inc. (RES) to acquire the 160-MW Rattlesnake Wind Project located in McCulloch County, Texas. Once operational, the project will become Goldwind’s largest wind project in the United States to date.
“This investment in the Rattlesnake Wind Project highlights our long-term commitment to the U.S. wind market and represents our first step of a five-year growth strategy to capitalize on the extension of the production tax credit,” said David Halligan, CEO of Goldwind Americas.
The Rattlesnake Wind Project located approximately 125 miles northwest of Austin will utilize 64 Goldwind 2.5-MW permanent magnet direct-drive (PMDD) wind turbines. The 160-MW Rattlesnake Wind Project represents the first phase of an expected 300-MW wind project, which was developed and will be constructed under a balance of plant agreement by RES.
“We are proud to partner with RES, a leading renewable energy developer and constructor, on our first project together,” Halligan said.
Goldwind Capital, a subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., provided bridge financing to acquire the project and is in the process of arranging a financing package in partnership with top-tier financial institutions that will include construction and tax equity financing and a long-term ERCOT fixed price hedge for power production.
Source: Goldwind Americas
For more information, go to www.goldwindamericas.com.