in News Departments > Projects & Contracts
print the content item

GE Energy Financial Services has partnered with Enel Green Power North America Inc. by committing common equity for a 51% ownership stake in the Chisholm View wind project.

The 235 MW wind farm is currently under construction near Hunter, Okla., and is expected to cost approximately $375 million. Enel Green Power North America owns the remaining 49% of the project and serves as the project manager. Enel Green Power and GE Energy Financial Services will raise tax equity for the wind farm at a later time.

The project will be completed by the end of this year in order to qualify for the federal production tax credit. It will use 140 of GE’s 1.6 MW wind turbines and supply power to Alabama Power Co., a Southern Company subsidiary, under a 20-year agreement.

The wind farm’s developer, TradeWind Energy - a strategic development partner of Enel Green Power North America - estimated that the Chisholm View wind project will contribute up to $5 million annually to the local economy via property taxes and rent payments to landowners.

GE Energy Financial Services previously invested with Enel Green Power in a 101 MW wind farm in Smoky Hills, Kan., and a 63 MW wind farm in Scurry County, Texas.



Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008