LCE and I Squared Capital selects GE Renewable for 250 MW

LCE (Lincoln Clean Energy) and I Squared Capital announced that GE Renewables will supply 100 of its 2.5-116 wind turbines to Willow Spring project. The project is 250 MW wind farm in Haskell County, Texas, which will be supported by a 20 year extended full service agreement performed by GE Renewables. Once fully operational, the new wind farm is expected to generate approximately 1,000,000 megawatt-hours of renewable energy per year, or enough to power the equivalent of 90,000 U.S. homes.

The $330 million project will receive construction and term financing from Bank of America Merrill Lynch and Rabobank as well as long-term tax equity from BAML and BHE Renewables, LLC. Power from the project is contracted under an agreement with Merrill Lynch Commodities.

President and CEO of GE’s Onshore Wind business, Pete McCabe said that GE is excited to build on our relationships with Lincoln Clean Energy and I Squared Capital. Once Willow Springs is complete, GE will have commissioned 1,363 megawatts of wind capacity across six wind farms developed by LCE over four years. They look forward to extending their relationship with LCE and I Squared Capital in the future.

Founder and CEO of Lincoln Clean Energy, Declan Flanagan commented that they are delighted to build on their successful relationship with GE and are well-positioned to execute on their pipeline of more than 1,000 megawatts of advanced-stage development projects across Texas and the Midwest.

Image Source: General Electric