Seven Wind Farms Propel Major Jump In Clean Energy Investments

Amy Grace, head of North America research for BNEF, says, “Wind Catcher is an example of a regulated utility in a wind-rich area of the U.S. taking advantage of federal tax credits to build a project that will produce electricity at below the cost of its existing coal and gas generating plants.”

The other top asset finance transactions of the quarter were DONG Energy’s decision to proceed with the 1.4 GW Hornsea 2 offshore wind farm in the U.K.’s North Sea at an estimated $3.7 billion by the time it is completed, as well as Northland Power’s $1.6 billion financing of the 252 MW Deutsche Bucht array in German waters.

After those came two Chinese offshore wind farms (Guohua Dongtai and Zhoushan Putuo) totaling 552 MW and an estimated $2.1 billion; the Zuma Reynosa III onshore wind farm in Mexico at 424 MW and an estimated $657 million; and the 450 MW Coopers Gap onshore wind project in Queensland, Australia, at $631 million. The biggest solar project financing was an estimated $460 million for First Solar’s 381 MW California Flats PV project.

via Seven Wind Farms Propel Major Jump In Clean Energy Investments – North American Windpower