Lincoln Clean Energy (LCE), a leading developer of U.S. wind and solar projects with over 1,800 megawatts of renewable power projects in California, New Jersey, and Texas announced last week the financing of its Tahoka Wind project, a 300 megawatt wind farm in Lynn County, Texas. GE Renewable Energy will supply the project with 120 of its 2.5-127 wind turbines and provide long term services for the facility. The project will receive construction and term financing from Morgan Stanley as well as long-term tax equity from BHE Renewables, LLC, a wholly owned subsidiary of Berkshire Hathaway Energy Company.
Founder and CEO of Lincoln Clean Energy, Declan Flanagan, commented, “The successful financing of this project underlines the competitiveness of U.S. wind power. With the uncertainty of tax reform behind us, the next three years are going to be big for renewables and LCE is well-positioned to execute on more than 1,000 megawatts of advanced-stage development projects across Texas and the Midwest.”
“I Squared Capital is proud to be at the forefront of the transition to renewable energy in the United States,” commented Adil Rahmathulla, a Director of LCE and Partner at I Squared Capital. “Combined with the recently commissioned Amazon Wind Farm Texas and Willow Springs Wind Farm, LCE will generate approximately 3.3 million megawatt-hours of renewable energy per year, or enough to power the equivalent of over 300,000 U.S. homes.”
Source: Lincoln Clean Energy press release.