Scout Clean Energy commissions 300 MW Ranchero wind project in Crockett County

Scout Clean Energy has completed construction and received tax equity funds for the 300 MW Ranchero Wind Farm located in Crockett County, Texas. Scout is a portfolio company of Quinbrook Infrastructure Partners.

Scout started construction on Ranchero in January of this year. The utility-scale wind power project will utilize 120 of the latest generation GE 2.5 MW wind turbines with 127-meter rotors.

RES (Renewable Energy Systems) constructed the project under a balance of plant contract with the Scout team managing and supervising the overall construction process.

Ranchero will offset over nine-hundred thousand (900,000) metric tons of carbon dioxide emissions annually, explained Rucker. In addition, it is estimated that Crockett County, the local hospital and independent school district are set to receive US$57 million dollars in tax revenue over the life of the project.

Scout secured a proxy revenue swap with Allianz Global Corporate & Specialty’s Alternative Risk Transfer unit, in partnership with Nephila Climate. REsurety provided the risk analytics supporting the long-term proxy revenue swap transaction. Construction Financing of US$430 million (including letters of credit) was provided by KeyBank, CoBank-ACB, Rabobank, CIBC, Santander, and Sumitomo Mitsui Trust Bank. KeyBank served as the lead arranger. GE Energy Financial Services underwrote and funded a portion of the tax equity.