Scout Clean Energy Closes Financing on 180MW Texas Wind Farm

Scout Clean Energy, a Colorado based renewable energy developer and operator. Has announced the closing of construction financing and tax equity Scout Clean Energy Closes Financing commitments. For the 180MW Heart of Texas Wind Farm located in McCulloch County, Texas. HTX was recently acquire by Scout from RES (Renewable Energy Systems). Americas who originally developed the project as part of the second phase.  Rattlesnake Wind Farm which commenced operations in 2018 and shares a transmission line with. HTX. The project will utilize sixty-four (64) of the latest generation GE 2-MW platform wind turbines.

According to Scout Heart of Texas will

Provide zero emissions renewable power for both. Texas industry and thousands of homes. HTX has secured an offtake contract with Allianz Canada Phone Number Data Global & Specialty, Inc.’s Alternative Risk Transfer unit, in partnership Scout Clean Energy Closes Financing with Nephila Climate. REsurety provided the risk analytics supporting the long-term offtake transaction. Construction financing of $255 million (including letters of credit) was provided by KeyBank as Administrative Agent, Rabobank. Underwrote and committed a portion of the tax equity financing.

Scout has entered into a fixed-price balance

However Plant construction agreement with RES. However Americas Construction who is also completing construction work. On Wind Canada Phone Number List Farm also located in Texas. The asset management and post-construction operations will be undertaken by Scout. The project has tax incentive agreements in place with McCulloch County, McCulloch County Hospital District.  Lohn Independent School District. It is estimated that the county will receive approximately $36 million in tax revenue over the life of the project. The Heart of Texas Wind Farm is expected to be operational by April 2020.

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