Texas Windfarm Receives Backing

NAW Staff, Wednesday 21 June 2006 - 01:00:00

Airtricity Inc. says that it has agreed on $120 million in project equity investment with GE Energy Financial Services, Fortis Capital and Wells Fargo for a 125-MW wind farm under construction in West Texas.

Construction of the Forest Creek Wind Farm began in April and is scheduled for completion by the end of the year on a site 25 miles southeast of Big Spring in a remote area of vast ranchland primarily used for grazing livestock. Forest Creek will employ 54 2.3-MW Siemens MKII turbines.

Last year, Dublin, Ireland-based Airtricity announced plans to spend $1.5 billion in the U.S. market, and this project is the first fully to be developed under that strategy.


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