Independent engineer selected on 250 MW Amadeus Wind Farm
Natural Power has been appointed by BayWa r.e. Wind LLC as Independent Engineer of Record for its 250 MW Amadeus Wind project located north of Rotan, Texas, which is currently under construction.
Natural Power undertook a full review of the project’s engineering designs, turbine technology, operating contracts, financial models, and permits prior to construction commencing. Beneficial aspects were highlighted, and areas of potential risk were flagged for further investigation and resolution. The company will continue to support the project with construction monitoring through completion.
Once operational, the project will deploy GE wind turbines across nearly 25,000 acres of federal, state, and privately held lands, and could generate enough clean, renewable energy to power more than 75,000 homes annually.
Earlier this year, BayWa r.e. Wind had secured a tax equity commitment from a consortium led by GE Energy Financial Services. The project has also executed a hedge agreement with Morgan Stanley and closed on a construction loan with Commerzbank.
Country news
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September 22, 2020
New Jersey launches tender for up to 2.4 GW offshore wind developments
The New Jersey Board of Public Utilities (NJBPU) has open the application window for the State’s second solicitation of offshore wind capacity.
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September 16, 2020
USD1.1bn transaction announced between BP and Equinor in USA
Equinor has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of US$1.1 billion. Through this transaction, the two companies are also establishing a strategic partnership for further growth within the offshore wind in the US.
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September 14, 2020
8minute signs 15-year PPA for 400MW solar-storage project in USA
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September 07, 2020
EDPR divests 80% stake in 563 MW US wind and solar portfolio
CC&L Infrastructure, together with its partner Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company (together, Desjardins Group), will acquire an 80% equity interest in EDP Renovaveis SA's portfolio of five renewable power assets located across the U.S. for a total of US$676 million.
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September 03, 2020
Korean investors buys equity interest in 852 MW US wind projects
Korea Hydro & Nuclear Power Co., Ltd. (KHNP), Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment, and Korea Investment & Securities (KIS), a group of Korean infrastructure investors, have signed definitive agreements to acquire a 49.9% equity interest in a portfolio of wind generating assets in the United States.
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