57 Vestas Turbines to Power Bearkat 1 in Texas

31 Mar 2017

Copenhagen Infrastructure Partners (CIP) will, through the fund Copenhagen Infrastructure II K/S (CI-II), make a net equity investment of $81m for the construction of the onshore wind farm Bearkat I in Glasscock County, Texas (“Bearkat I”).

Bearkat I will consist of fifty-seven V126-3.45 MW Vestas turbines for a total capacity of 196.7 MW. Bearkat I is expected to commence commercial operations in the fourth quarter of 2017 and qualifies for 100% Production Tax Credits (PTC). Tax equity investors entering prior to commercial operation of the wind farm will be providing the remaining $190m of the total project costs.

Bearkat I will be constructed by Black & McDonald, a leading BoP contractor in the North American onshore wind market. Vestas will provide operational and maintenance services for the turbines via a 20-year service agreement and E.ON Energy Services will provide route to market services and will be responsible for the operation, maintenance and management of the wind farm. The main power transformer will be provided by Royal Smit Transformers BV. Finally, Bearkat I has been co-developed with the Dallas-based developer, TriGlobal Energy.

“Our investment in Bearkat I constitutes an attractive opportunity adding further diversification to the existing portfolio of our fund. Bearkat I is our first equity investment in onshore wind in the US and our second onshore wind project in Texas. We look forward to start construction of the project in cooperation with our partners, suppliers and the local community”, says Christian Skakkebæk, Senior Partner in CIP.

Copenhagen Infrastructure Partners | http://www.cip.dk

Vestas | http://www.vestas.com