October 30 (Renewables Now) - French renewable power producer Akuo Energy said last week it has completed construction of the 150-MW Rocksprings wind farm in the US state of Texas.
The works took nine months, in line with the project’s schedule. The plant in Val Verde County uses 53 units of 2.3-MW wind turbines and 16 units of 1.72-MW machines supplierd by General Electric (NYSE:GE) .
Financing for the scheme came from GE Energy Financial Services, which provided tax equity, and UK-based investor John Laing Group plc (LON:JLG), which provided cash equity. The latter in September invested USD 85 million (EUR 73.2m) to buy a majority stake in the partnership controlling the project.
The output of the wind park will be sold under two separate power purchase agreements (PPAs). An international firm will buy 100 MW of the generated electricity for 15 years, while US retail giant Walmart Stores Inc (NYSE:WMT) will buy the other 50 MW under a 12-year deal.
The Rocksprings wind farm is the second plant that Akuo Energy commissions this year. In July, it put on stream the 30-MW Sterling wind park in New Mexico.
(USD 1.0 = EUR 0.861)