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West Texas 600 MW Wind Farm delivers renewable energy using 240 wind turbines, financed by Chinese banks with U.S. loan guarantees and grants, led by A-Power, Cielo Wind Power, and U.S. Renewable Energy Group.
What You Need to Know
A $1.5B cross-border wind project using 240 2.5 MW turbines to supply clean power to 135,000-180,000 U.S. homes.
- $1.5B budget, financed largely by Chinese banks
- Backed by U.S. loan guarantees and cash grants
- First Chinese wind turbines exported to the U.S.
Consortium of Chinese and American companies announced a joint venture to build a 600-megawatt wind farm in West Texas, using turbines made in China.
Construction of the $1.5 billion wind farm will be financed largely by Chinese banks, with the help of loan guarantees and federal grants from the United States government.
“This wind farm project came about thanks to the openness of the United States for investments in the field of renewable energy, such as a Nevada wind turbine plant announcement,” said John S. Lin, chief operating officer of A-Power Energy Generation Systems, which is part of the consortium building the project.
The wind farm will be the first instance of a Chinese manufacturer exporting wind turbines to the United States, alongside plans for a U.S. turbine plant by partners, said Yang Yazhou, vice mayor of the city of Shenyang, where the wind turbines will be manufactured.
The farm, to be built on 36,000 acres in West Texas, will use 240 of its 2.5-megawatt turbines. Construction is scheduled to begin in March 2010, and the project is expected to create 300 temporary jobs and about 30 permanent jobs. Six hundred megawatts of wind power, while far smaller than the world's largest wind site built to date, is enough to meet the electricity needs of between 135,000 and 180,000 American homes for a year.
Other partners include the U.S. Renewable Energy Group, an investment firm, and a wind-farm developer, Cielo Wind Power of Austin, Tex., as farms across the country reap the wind through similar projects.
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