BayWar.e. Wind has secured tax equity commitment from a consortium led by GE Energy Financial Services for the construction of its 250MW Amadeus wind farm in Texas, US.
BayWar.e. Wind had also executed a hedge agreement with Morgan Stanley and also closed a construction loan with Commerzbank.
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The Amadeus wind farm, which is already under construction, is expected to come into operation in the fourth quarter of this year.
Once operational, the wind farm will generate enough clean energy to power 75,000 Texan homes annually while avoiding over 680,000 metric tons of carbon dioxide from being released into the atmosphere each year.
To be located on 25,000 acres of federal, state and privately held lands, the Amadeus wind farm will be powered by GE’s wind turbines.
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Due to its location, the wind farm is expected to have little to no curtailment or basis risk. The wind project is also claimed to be in line with its business model.
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By GlobalDataIn February, the company announced that it had completed the construction of a 25MW solar plant, which is claimed to be Europe’s largest floating solar plant in Zwolle in the Netherlands.
The project, which was built on a sandpit lake, will feature nearly 73,000 PV modules, 13 floating transformers and 192 inverter boats.
The company also claimed that the entire construction of the 25MW Bomhofsplas solar farm was almost completely carbon-free.
The power generated from the first part of the solar farm was used for charging electric vehicles, tools and boats, using an onsite 600kW battery.
BayWar.e partnered with Zimmermann PV-Stahlbau and designed its own floating system. The patented floating system is claimed to withstand high wind, waves and snow while offering a safe structure for the ongoing operations and maintenance.
The company has already built the nearby 14.5MW Sekdoorn project, the 8.4MW Tynaarlo project and the 2.1MW Weperpolder installation.
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Image: BayWar.e secures financial commitment for Texan wind farm. (Credit: Pixabay/EgorShitikov.)
