Scout Clean Energy completes financing of 180 MW Heart of Texas Wind Farm (HTX) in the US

Scout Clean Energy has closed the construction financing and tax equity commitments for the 180 MW Heart of Texas Wind Farm (HTX) located in McCulloch County, Texas. Scout is a portfolio company of Quinbrook Infrastructure Partners.

HTX was recently acquired by Scout from RES (Renewable Energy Systems) Americas who originally developed the project as part of the second phase of the Rattlesnake Wind Farm which commenced operations in 2018 and shares a transmission line with the HTX. The project will utilize sixty-four (64) of the latest generation GE 2 MW platform wind turbines. HTX utilizes three types of 2 MW platform turbines each with different nameplate capacity and rotor size to optimize site production.

HTX has secured an offtake contract with Allianz Global & Specialty, Inc.'s Alternative Risk Transfer unit, in partnership with Nephila Climate. REsurety provided the risk analytics supporting the long-term offtake transaction. Construction financing of US$255 million (including letters of credit) was provided by KeyBank as Administrative Agent, Rabobank and CoBank, ACB. GE Energy Financial Services underwrote and committed a portion of the tax equity financing.

Scout has entered into a fixed-price balance-of-plant construction agreement with RES Americas. The asset management and post-construction operations will be undertaken by Scout.

The Heart of Texas Wind Farm is expected to be operational by April 2020.