Akuo Energy closes financing fot 150-MW wind project in Texas

French renewable power producer Akuo Energy said on Friday it has secured the needed financing to build the 150-MW Rocksprings wind project in the US state of Texas.

GE Energy Financial Services, the finance arm of US conglomerate General Electric (NYSE:GE), has provided tax equity financing for the project. GE will also supply 53 units of its 2.3-MW turbines and 16 units of the 1.72-MW machines. In addition, it will supervise the operation and maintenance of the wind park in the long term.

The Rocksprings facility is now in its construction phase, which is expected to last nine months. Upon completion, it will be selling two-thirds of its output to a global science company under a 15-year contract and the remaining 50 MW to “another major global American economic player” under a 12-year deal.

Eric Scotto, chairman and co-founder of Akuo Energy, noted that the company is reiterating its goal of having a global production capacity of 3,500 MW by 2022.

This is the third Akuo Energy project to be equipped with GE turbines. The US company has already agreed to deliver machines for the 72-MW Krnovo wind project in Montenegro and the 30-MW Sterling scheme in New Mexico.

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