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Engie North America has announced the start of construction of the Jumbo Hill Wind Project, located in Andrews County, Texas, USA. With a total capacity of approximately 160MW, Jumbo Hill is scheduled to be online by spring of 2020.
Jumbo Hill will provide energy and Renewable Energy Credits generated by the Project to a corporate customer under a virtual Power Purchase Agreement (PPA), and has also entered into a Proxy Revenue Swap for a portion of its generation with Allianz Global Corporate & Specialty’s specialist weather risk team, in collaboration with its partners at Nephila Climate. REsurety provided risk analytics supporting the Proxy Revenue Swap transaction and will serve as the calculation agent on an ongoing basis.
Jumbo Hill will use 57 GE Renewable Energy turbines, each with 127-meter rotors and a capacity of more than 2MW, and the balance of the facility will be built by Wanzek Construction. The total capital investment of the Project is over US$ 150 million. The Project is part of the portfolio acquired in 2018 by a subsidiary of Engie North America from Infinity Power Partners, a joint venture between Infinity Renewables and MAP Energy.
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