E.ON announced today it has secured more than $200 million in tax equity financing to repower its Panther Creek I and Panther Creek II Wind Farms in Texas.

GE Energy Financial Services ('GE EFS') underwrote and committed a portion of the tax equity, which allows E.ON to significantly increase the lifespan of the combined 258 megawatt (MW) sites.

The repowering project increases the sites' capacity factor through the replacement and installation of new drive trains and the upgrade of 172 GE 1.5MW wind turbines with longer rotors. The project is expected to reach commercial operation in December 2019.

The Panther Creek I & II projects, part of E.ON's Panther Creek cluster in Howard, Glasscock, and Sterling counties in Texas, were originally completed in 2008. Covering more than 65,000 acres, the combined Panther Creek project cluster produces nearly 460 MW of wind energy.

Tags:
Texas   Finance   E.ON  

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