ENGIE North America, the local subsidiary of French multinational utility company ENGIE, announced this week that it has started construction of the 160 megawatt (MW) Jumo Hill Wind Project in Texas, which is expected to be completed and brought online by spring of 2020.
The 160 MW Jumbo Hill project will provide electricity and Renewable Energy Credits to an as yet unnamed or unannounced corporate customer through a virtual Power Purchase Agreement (PPA). The Jumo Hill Wind Project has also already entered into a Proxy Revenue Swap for a portion of its generation with Allianz Global Corporate & Specialty’s specialist weather risk team, in collaboration with its partners at Nephila Climate.
The $150 million project will consist of 57 of GE Renewable Energy’s 2 MW wind turbines, while the balance of the facility will be built by Wanzek Construction, Inc. ENGIE North America expects the project will employ up to 250 people during construction and 12 people in the long-term, and also generate “significant economic development” for the local communities with annual payments to landowners totaling millions of dollars over the life of the project.
“ENGIE is thrilled to be announcing our fifth wind project to start construction over the past year,” said Emily Cohen, Vice President of Commercial Strategy within ENGIE North America’s wind development team. “The construction of the Jumbo Hill Project will take ENGIE North America’s renewable generation built or under construction to more than 1.5 GW of capacity. It is a strong project in a unique location in West Texas, and we expect it to complement and help grow the evolving industries in the region.”
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