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Sammons buys 238-MW wind project in Texas

Wind turbines in Texas. Author: Will De Freitas. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.

December 12 (Renewables Now) - A unit of Dallas-based diversified group Sammons Enterprises Inc has acquired the 238-MW Rio Bravo wind project in Texas from renewables developer Longroad Energy Holdings LLC.

This is Sammons Renewable Energy’s (SRE) second wind purchase and the company now owns two wind farms with a combined capacity of 400 MW, it said in a statement today. Its entire wind, solar and hydropower fleet has thus expanded to more than 800 MW.

Rio Bravo is currently being built in Starr County and is expected to be completed in the summer of 2019. The seller will deliver construction management, asset management and operations and maintenance (O&M) services to the project, which will feature 66 Vestas V136-3.6 MW turbines.

SRE did not disclose the financial terms of the transaction but mentioned that a subsidiary of Berkshire Hathaway Energy will provide tax equity financing.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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