BayWa has secured a tax equity commitment from a consortium led by GE Energy Financial Services for the 250MW Amadeus wind farm in the US state of Texas.
The project has also executed a hedge agreement with Morgan Stanley and closed on a construction loan with Commerzbank.
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Amadeus is already under construction and is expected to be placed in service in the fourth quarter of 2020.
BayWa RE said it has utilised 5% safe harbour equipment to qualify the project for 100% production tax credits.
The project features GE hardware that will be spread across about 10,000 hectares of federal, state and privately held lands.
BayWa said that due to the location of the project, Amadeus is expected to have little to no curtailment or basis risk.