Published: 07 January 2019 07 January 2019
Enel Green Power North America (EGPNA) has started construction of the around 450MW High Lonesome wind farm in Upton and Crockett Counties, in Texas. Once completed, High Lonesome will be the largest wind farm in Enel’s global renewables portfolio.
The energy generated by a 295MW portion of the wind farm will be hedged through a Proxy Revenue Swap (PRS), a risk management strategy aimed at minimising price and weather-related risks. Investment in the construction of High Lonesome amounts to approximately US$ 600 dollars. The project is currently financed through the Group’s own resources and is expected to enter into operations by the end of 2019.