GE Renewable Energy has been chosen by Lincoln Clean Energy to supply a 250 megawatt wind farm in Willow Springs, Texas.
The announcement was made on Monday that GE Renewable Energy would provide 100 of its 2.5-116 wind turbines to the Willow Springs wind project being developed by Lincoln Clean Energy, a portfolio company of I Squared Capital. The 250 megawatt (MW) wind farm will also be supported by a 20-year extended full service agreement from GE.
The $330 million project is expected to be able to provide approximately 1 million megawatt-hours (MWh) of renewable energy per year, or the equivalent of enough electricity to power 90,000 US homes.
“GE is excited to build on our relationships with Lincoln Clean Energy and I Squared Capital,” said Pete McCabe, President and CEO of GE’s Onshore Wind business. “Once Willow Springs is complete, GE will have commissioned 1,363 megawatts of wind capacity across six wind farms developed by LCE over four years. We look forward to extending our relationship with LCE and I Squared Capital in the future.”
“We are delighted to build on our successful relationship with GE and are well-positioned to execute on our pipeline of more than 1,000 megawatts of advanced-stage development projects across Texas and the Midwest,” added Declan Flanagan, Founder and CEO of Lincoln Clean Energy.
“I Squared Capital is proud to be at the forefront of the transition to renewable energy in the United States,” said Adil Rahmathulla, Partner at I Squared Capital. “Part of that requires using proven and reliable technology to maximize generation at our facilities. When fully operational, the new wind farm is expected to generate approximately 1,000,000 megawatt-hours of renewable energy per year, or enough to power the equivalent of 90,000 U.S. homes.”