in News Departments > FYI
print the content item



GE Energy Financial Services (EFS), a unit of General Electric, has agreed to invest in a 126.5 MW wind farm under construction by Airtricity Inc. GE EFS will invest alongside Airtricity in the $231 million Champion Wind Farm in Mitchell and Nolan counties, Texas. According to the companies, this is GE EFS' third wind farm investment with Airtricity and Airtricity's first project in North America not governed by a traditional long-term power purchase agreement. Additional financial details were not disclosed.

Airtricity began construction of the Champion project in May, and the project is scheduled for completion by May 2008. The Champion Wind Farm will employ 55 2.3 MW Siemens turbines, with power sold into the Electric Reliability Council of Texas electricity grid in west Texas, backed by a five-year minimum priced contract with Coral Energy Holding LP, a wholly owned subsidiary of Royal Dutch Shell PLC.

Airtricity and GE EFS also are collaborating on the 125 MW Forest Creek Wind Farm, pictured at left, and the 209 MW Roscoe Wind Farm.

Photo courtesy of Business Wire.


Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965