E.ON completes 201MW Stella wind farm in Texas
Wind industry news : German energy company E.ON has achieved commercial operations at its 201MW Stella wind farm in Texas, about an year after breaking ground.
Built in Kenedy County, the wind farm features 67 Acciona AW-125 3.0 MW turbines, supplied by Germany wind turbine company Nordex. The Stella wind project will produce enough electricity to meet the power consumption needs of more than 60,000 households.
Allianz Capital Partners of America, on behalf of Allianz insurance companies, has committed to provide tax equity financing for the Stella wind farm, in exchange for an undisclosed stake in the project.
Verena Volpert – Senior Vice President, Group Finance, E.ON said: “Concluding this financing transaction with Allianz strengthens our continued growth in the U.S. and confirms our position as the partner of choice for the finance industry.”
The Stella wind project marks the 23rd North American wind farm for E.ON.
Silvia Ortin – Chief Operating Officer, North America and E.ON Climate & Renewables Board Member said: “We are excited to bring another project, our fifth Texas coastal project and our 23rd overall, online.
“Our excellence in capabilities and working together with our project partners enables us to deliver a competitive project that brings substantial long-term economic benefits to South Texas. More importantly we were able to achieve this milestone safely, on time and on budget.”
The Stella wind farm created nearly 300 jobs in its construction phase and local contractors spent over $12 million on local products and services.
The E.ON wind farm is expected to generate over $25 million in revenue for Kenedy County, which will be utilized to support essential county services and local schools.