E.On secures financing for 100 MW wind energy project

E.On Climate & Renewables North America secured financing for about $76.6 million and a commitment to fund further capital contributions from JPM Capital Corp. (J.P. Morgan) in exchange for a partial interest in EC&R’s Anacacho Wind Farm.

The project, located in Kinney County, Texas, is about 14 miles southeast of Brackettville and consists of 55 Vestas 1.8 MW wind turbines providing 100 MW of renewable power. Anacacho Wind Farm began commercial operation in December.

This project is expected to generate more than $17 million in local taxes, pay $8 million in local salaries, and earn landowners more than $34 million. Anacacho Wind Farm represents the largest business investment in Kinney County since the railway was built there in the 1880s.

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