Goldwind does deal to buy 160-MW Rattlesnake Wind project in Texas

Goldwind Americas said May 17 that it has signed an agreement with Renewable Energy Systems Americas Inc. (RES) to acquire the 160-MW Rattlesnake Wind Project in McCulloch County, Texas.

Once operational, the project will become Goldwind’s largest U.S. wind project to date. 

“This investment in the Rattlesnake Wind Project highlights our long-term commitment to the U.S. wind market and represents our first step of a five-year growth strategy to capitalize on the extension of the production tax credit,” said David Halligan, Chief Executive Officer of Goldwind Americas.

The Rattlesnake project, located approximately 125 miles northwest of Austin, will utilize 64 Goldwind 2.5-MW Permanent Magnet Direct-Drive (PMDD) wind turbines. The 160-MW project size represents the first phase of an expected 300-MW wind project, which was developed and will be constructed under a Balance of Plant agreement by RES.

“The Rattlesnake Wind Project will be a valuable asset benefitting Texas’ electricity consumers, further evidence that the state’s encouragement of diverse generation resources is succeeding,” stated Glen Davis, RES’ President and CEO, Americas. “RES looks forward to working alongside Goldwind Americas and contributing additional renewable electricity to the ERCOT grid.”

Goldwind Capital, a subsidiary of Xinjiang Goldwind Science & Technology Co. Ltd., provided bridge financing to acquire the project and is in the process of arranging a financing package in partnership with financial institutions that will include construction and tax equity financing and a long-term ERCOT fixed price hedge for power production.

Goldwind Americas, headquartered in Chicago, is a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co. Ltd.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.