Akuo and partners complete financing of 93.1 MW Bennington wind project in Marshall County

A consortium led by Akuo and composed of Harrison Street, Morgan Stanley, and GE Energy Financial Services (GE EFS) has closed the financing of Bennington Wind, a 93.06 MW onshore wind development project located approximately 100 miles (160 km) southwest of Chicago in Bennington Township in Marshall County, Illinois, USA.

GE Renewable Energy will supply thirty-three 2.82 MW turbines. Akuo will commence construction later this month, and the wind farm is projected to reach operational status in Q4 2021.

The project will produce enough electricity to power approximately 33,277 households and will offset the equivalent of 303,815 tons of carbon dioxide during each year of operation. This is the equivalent 9,114,441 tons of avoided carbon emissions over project’s 30-year life. The project has been in development by Akuo since 2016.

Morgan Stanley is the sole provider of construction financing and is the exclusive buyer of power and Renewable Energy Credits under a long-term Power Purchase Agreement (PPA). The wind farm renewable electricity production will account for over 50% of Morgan Stanley’s electricity consumption and 30% of its carbon footprint globally.

GE EFS is the tax equity provider for the project.