The Taaleri SolarWind II fund has, together with AIP, Ilmarinen and Akuo Energy, acquired 93 percent of the equity in the Escalade wind farm in Texas. Taaleri Energia, the project developer, will retain a minority stake in the project. The wind farm is located in Knox County, around 186 miles west of the Dallas–Fort Worth metropolitan area.
The wind farm will consist of 45 Vestas V162 5.6-megawatt turbines and 20 Vestas V150 4.2-megawatt turbines and represents a more than $450 million investment in the North American renewable power sector. The construction work is scheduled to begin during second quarter 2020 with the wind farm reaching operational status in fourth quarter 2021.
The wind farm’s annual production of electricity will be approximately 1,270 gigawatt hours. It will produce enough electricity to supply around 115,000 households and will offset the equivalent of 604,000 tons of carbon dioxide during each year of operation.
