United States

United States

Goldwind closes tax equity financing in Texas

UNITED STATES: Goldwind Americas has received tax equity financing for its largest US wind farm to date following project commissioning.

The Rattlesnake project comprises 64 of Goldwind's GW 109/2500 turbines
The Rattlesnake project comprises 64 of Goldwind's GW 109/2500 turbines

BHE Renewables and Citi transferred the funding now that Goldwind’s 180MW Rattlesnake project in Texas is online.

The investors had initially committed to supply tax equity financing contingent on several conditions, including the project’s completion, in May 2017.

In the meantime, Goldwind Capital, also a US-based subsidiary of Xinjiang Goldwind Science & Technology, provided construction financing for the wind farm in McCullock county, Texas.

Rattlesnake comprises 64 Goldwind GW 109/2500 turbines and sells power under a long-term fixed price energy hedge.

David Sale, Goldwind Americas’ chief executive officer, described the transfer of the tax equity financing as a "critical milestone" in the company’s commercial strategy in North America.

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