GE in Texas wind farm deal
General Electric’s Energy Financial Services unit and E.ON Climate and Renewables North America are forming an investment partnership to own and operate a Texas wind farm.
The GE subsidiary provided half of the partnership equity in The Grandview Phase I, a 211-megawattt GE-powered wind farm under construction in the Texas Panhandle.
“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,” said Patrick Woodson, CEO of ECR North America. “This is our most energetic project ever built and we are excited to harvest the extraordinary wind resource in this area.”
Grandview I will be located 26 miles east of Amarillo in Carson County and will use 118 GE wind turbines, which GE will service under a five-year agreement. ECRNA, a power and gas company, will manage construction of the wind farm and provide operations and maintenance once it becomes operable in December.
The wind farm will feed power into the new Competitive Renewable Energy Zones infrastructure in Texas.
“The Grandview I wind farm will generate enough electricity to power approximately 64,000 homes — according to US Energy Environmental Protection Agency methodology — avoiding approximately 482,000 metric tons of greenhouse gas emissions per year, the equivalent of the annual emissions from approximately 100,000 U.S. passenger vehicles,” according to a press release.
“Combining investment and technology for the Grandview wind project builds on our long-term relationship with ECRNA and supports the growth of this important customer and GE,” said David Nason, president and CEO of GE Energy Financial Services, which holds a portfolio of approximately 12 gigawatts of wind power projects in operation or under construction.
The project will create about 250-300 construction jobs this year and 10-12 permanent positions in Carson County.