E.ON Climate & Renewables and General Electric‘s (NYSE: GE) GE Energy Financial Services on April 22 celebrated the opening of the Grandview Wind Farm in the Texas Panhandle, 30 miles east of Amarillo.
E.ON and GE Energy Financial Services jointly own Grandview through a 50/50 investment partnership. Grandview began commercial operation last December. The wind farm has 118 GE 1.79-MW turbines that can create 211.2 MW.
“The community has been wonderful and more than patient in developing this project. Grandview was one of the first projects that helped pave the way for the development of the Competitive Renewable Energy Zones (CREZ) and was more than a decade in the making. The area boasts some of the best winds in the world and will now be one of the landmark projects anywhere,” E.ON North American chairman Patrick Woodson said. “These types of super-windy sites are the ideal developers have been seeking and the outstanding nature of the winds here will test our technology and operating approaches.”
David Nason, president and chief executive officer of GE Energy Financial Services, noted that the Grandview wind project represents the company’s first co-investment on a new project with E.ON. Nason said: “E.ON is a leader in the U.S. renewable energy industry and in global energy infrastructure, and we look forward to opportunities to co-invest together.”
Since 2004, GE Energy Financial Services has committed to invest more than $9 billion in over 14 GW of wind projects worldwide. It plans to invest approximately $1 billion annually in renewable energy globally.
E.ON is one of the world’s largest investor-owned power and gas companies, with annual sales of €112 billion and more than 58,000 employees. E.ON, headquartered in Dusseldorf, Germany, plays a leading role in the development of the renewable industry worldwide and is already active in onshore and offshore wind, photovoltaic, and concentrating solar power (CSP). E.ON currently operates over 10 GW of renewable capacity including large hydro.