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Construction of Escalade Wind Farm in Texas to start

Power News - Published on Thu, 18 Jun 2020

Image Source: Escalade Wind Farm
The Taaleri SolarWind II fund has, together with AIP, llmarinen, and Akuo, acquired 93% of the equity in the Escalade wind farm in Texas. Taaleri Energia, the project developer, will retain a minority stake in the project. The wind farm is located in Knox County, around 300kms west of the Dallas-Fort Worth metropolitan area. The construction work is scheduled to begin during Q2 2020 with the wind farm reaching operational status in Q4 2021. The wind farm’s annual production of electricity will be approximately 1270 GWh. It will produce enough electricity to supply around 115,000 households and will offset the equivalent of 604,000 tonnes of carbon dioxide during each year of operation.

Vestas has received a 336 MW order for the Escalade wind project. The order includes supply, installation, and commissioning of 45 V162-5.6 MW and 20 V150-4.2 MW turbines as well as a 30-year Active Output Management 5000 service agreement, designed to ensure optimised performance for the lifetime of the project. Turbine delivery will begin the second quarter of 2021 with commissioning scheduled to begin the third quarter of 2021.

The project has been developed in-house by Taaleri Energia since 2018, following an acquisition from its development partners NorthRenew Energy and Chermac Energy. The Balance of Plant contractor is Mortenson Construction and Akuo Energy is the Construction Manager as well as the Technical and Commercial Manager for the project. Vestas will provide Operations & Maintenance services for the project under a 30-year contract.

The substantial majority of the power produced by the wind farm will be contracted under a 10-year Proxy Revenue Swap with Allianz Global Corporate & Specialty SE’s Capital Solutions unit in collaboration with Nephila Climate. REsurety Inc. provided risk analytics supporting the transaction.

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Posted By : Yogender Pancholi on Thu, 18 Jun 2020
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