BayWa RE has completed construction and achieved financial close of the 250MW Amadeus wind farm in the US state of Texas.
Amadeus is located northwest of Abilene in Rotan and has begun selling power into the grid.
It is the largest onshore wind project completed to date in BayWa RE’s global portfolio.
The wind farm consists of 96 GE turbines deployed across nearly 10,000 hectares of federal, state and privately held lands.
Over the lifetime of the plant, it will provide millions of dollars in tax benefits to the local community.
BayWa RE chief executive Florian Zerhusen said: “We are grateful to all the stakeholders that worked hard to make this project a success, despite this year’s profound global challenges.”
Commerzbank financed the construction loan for the project, while Morgan Stanley is purchasing the energy from the project under the terms of a 10-year hedge agreement.
The tax equity funding was provided by BHE Renewables, with Fengate having taken a cash equity position to jointly own the wind farm with BayWa RE.
The latter will continue to manage the asset.
Fengate infrastructure investments managing director Greg Calhoun said: “Fengate is very pleased to invest in Amadeus, and we look forward to our ongoing collaboration with BayWa RE, a proven operating partner and industry leader.
“This significant and strategically located wind project provides a new and important source of clean energy.”
Zerhusen added: “We are well underway with construction on our next project in California.
“Combined with a very well-developed pipeline, this allows us to continue delivering strong value for our investors and stakeholders moving forward.”