ABB_id2059
in News Departments > Projects & Contracts
print the content item

GE Energy Financial Services (EFS) has announced it is investing $141 million in Spanish wind developer Acciona's Tatanka Wind Farm on the North Dakota-South Dakota border. The transaction represents the GE unit's first wind equity investment in the Dakotas and the first wind farm in the U.S. built entirely by Acciona.

GE EFS invested with Wachovia Investment Holdings LLC to provide structured equity for the 180 MW wind farm, which spans 14,000 acres of farmland in Dickey, McIntosh and McPherson counties in North and South Dakota.

"Acciona's Tatanka Wind Farm is representative of yet another step in harnessing the abundant wind energy reserves available in America's rural Midwest," says Peter Duprey, CEO of Acciona Energy North America, which owns and operates the project. "This land and its pioneering population, long known for providing crops and livestock to feed a country, now meet an urgent and monumental American need - energy independence."

The $381 million project, which went into commercial operation last month, uses 120 wind turbines, with 59 turbines located in South Dakota and 61 turbines in North Dakota. The electricity generated at the Tatanka Wind Farm is sold into the Midwest Independent Transmission System Operator.

SOURCE: GE Energy Financial Services


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015