The wind farm, situated approximately 125 miles northwest of Austin, will deploy Goldwind GW 121/2.5MW wind turbines. Goldwind Capital provided bridge financing to acquire the project.
In partnership with financial institutions, the company is now in the process of arranging a financing package that will include construction and tax equity financing and a long-term Electric Reliability Council of Texas fixed-price hedge for power production. In April, Goldwind received tax equity financing commitments from Berkshire Hathaway Energy and Citi for the approximately $250 million, 160 MW Rattlesnake Wind Project, also located in McCulloch County. Goldwind acquired the project from RES last year.