Name of the Project
Escalade Wind Farm.

Location
The project is located in Texas, in the US.

Project Owner/s
The Taaleri Solar Wind II fund has, together with AIP, Ilmarinen and Akuo Energy, acquired 93% of the equity in the Escalade Wind Farm in September 2020.

Taaleri Energia is the project developer and minority shareholder in the Taaleri Solar Wind II Fund.

Project Description
The wind farm will comprise forty-five 5.6 MW turbines and twenty 4.2 MW turbines for a capacity of 336 MW. The wind farm will produce about 1 270 GWh/y of electricity and produce enough electricity to supply about 115 000 households.

The project will offset the equivalent of 604 000 t/y of carbon dioxide during each year of operation.

The majority of the power produced by the wind farm will be built under a ten-year proxy revenue swap with Allianz Global Corporate & Specialty SE’s Capital Solutions unit, in collaboration with Nephila Climate.

Potential Job Creation
Not stated.

Capital Expenditure
The project presents an investment of $450-million.

Planned Start/End Date
The construction work is scheduled to start during the second quarter of 2020, with the wind farm reaching operational status in the fourth quarter of 2021.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Mortenson Construction (balance of plant contractor); Akuo Energy (construction technical and commercial manager for the project); Vestas (turbines and operations and maintenance services for the project under a 30-year contract); BHE Renewables (tax equity); NORD/LB, Mizuho, Santander and Societe Generale (construction financing).

Contact Details for Project Information
Taaleri Energia, tel +358 46 714 7100 or email energia@taaleri.com.