Published: 13 March 2019 13 March 2019
Copenhagen Infrastructure Partners (CIP) will make a net equity investment of approximately US$ 80 million for the construction of Bearkat II onshore wind farm in Glasscock County, Texas, USA.
The wind farm will consist of 47 V126-3.45 MW Vestas turbines with a total capacity of 162.2MW. Bearkat II is expected to commence commercial operations in December of 2019 and qualifies for 100% of Production Tax Credits (PTC). One or more tax equity investors will enter the project at commercial operations and will be providing the remaining capital. Vestas will provide operational and maintenance services for the turbines via a 30-year service agreement. The project will sell its generated power to the ERCOT power market.