in News Departments > Projects & Contracts
print the content item

E.ON Climate & Renewables (EC&R) North America has secured institutional equity financing of approximately $174.9 million and a commitment to fund further capital contributions from a group of investors that includes J.P. Morgan and Wells Fargo Wind Holdings LLC in exchange for a partial interest in EC&R's Wildcat I Wind Farm. J.P. Morgan acted as lead investor in the financing.

The project, located in Tipton and Madison counties, is EC&R's first wind energy project in Indiana and began commercial operation in December. The project 125 GE 1.6 MW turbines and provides more than 200 MW.

"Wind farms generate clean, affordable, homegrown electricity, creating jobs and providing an economic shot in the arm to farmers, ranchers and rural communities across America," says Steve Trenholm, CEO of EC&R North America. "Our success with Wildcat I allows us to expand our relationship with two leaders in the tax equity market, J.P. Morgan and Wells Fargo."

EC&R says it expects the project to generate more than $31 million in local taxes, pay $11 million in local salaries, and earn landowners more than $73 million. At the height of construction, the Wildcat I Wind Farm project brought more than 200 jobs to the area, the company adds.


Trachte Inc._id1770
Latest Top Stories

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.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Future Energy_id2008