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



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015