A wind investment deep in the heart of Texas
In late December, while most of us were busy wrapping presents, our Treasury team was tying a bow on our most recent renewable energy deal: an approximately $200 million equity investment in a wind farm in west Texas that generates enough energy to power more than 60,000 average U.S. homes.
Spinning Spur Wind Project is located in Oldham County, a wide open, windy section of the Texas Panhandle located about 35 miles from Amarillo. The 161 megawatt facility was built by renewable energy developer EDF Renewable Energy, a veteran in the industry that has overseen more than 50 other clean…
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