Vestas styles Texas Flat Top
Alterra Power orders V110 2MW turbines for 200MW wind farm
Vestas is to supply turbines totalling 200MW for the Flat Top 1 wind farm in Texas.
The order for 100 V110 2MW turbines is from a subsidiary of Alterra Power Corp.
Delivery is expected to start in the fourth quarter of 2017, with commissioning planned for the first quarter of 2018.
Turbine components will be manufactured at Vestas’ Colorado factories.
The contract includes supply and commissioning, as well as a 10-year active output management 5000 service agreement.
Alterra Power has also completed financing for the project, with a fund managed by BlackRock Real Assets acquiring a 49% interest in the project.
Affiliates of Citi, Santander and the Royal Bank of Canada have provided a $287m loan facility for construction.
A further $221m investment has come from subsidiaries of Berkshire Hathaway Energy and Citi. The investment will be realised when the project achieves commercial operations, subject to typical conditions precedent, Alterra said.
The company has also expanded its holding company loan by $21m for its equity contribution to the project.