ITOCHU Corporation and Tyr Energy provide tax equity financing for two solar projects in USA

ITOCHU Corporation and Tyr Energy, Inc. announced that they have agreed to provide equity financing to Aspenall Energies Kimball Wind and South Fork Wind projects. The fully operational Projects are located in Nebraska and Minnesota and have a combined nameplate capacity of 43 MW.
The Projects were developed and built by Aspenall and are located in the upper Midwest, one of the most notable areas in the United States in terms of wind power generation potential. The Projects consist of eighteen towers utilizing General Electric’s 2 MW class onshore wind turbine platform. Commercial operation was achieved in December of 2016 for South Fork Wind and in June of 2018 for Kimball Wind. Together, the Projects produce enough electricity to power approximately 16,000 US households and have 20-year offtake agreements with Iowa-based Muscatine Power & Water and the Municipal Energy Agency of Nebraska, respectively.