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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 energy projects. Spinning Spurís 70 2.3 MW Siemens turbines started spinning full time just before the end of the year, and the energy they create has been contracted to SPS, a utility that primarily serves Texas and New Mexico.Google Invests $200 Million In Texas Wind Farm [googleblog.blogspot.co.uk]