Eolus has signed an agreement with Cubico Sustainable Investments (Cubico) regarding the sale of the wind farm Wind Wall 1 located near Tehachapi, California, US, with an installed capacity of 46.5 MW.
Wind Wall 1 is the first wind project developed, financed, and constructed in the US by Eolus, and Eolus will transfer the project company to Cubico at closing.
The project is supported by a 15-year power purchase agreement with construction financing arranged by Eolus. Construction is well advanced, and Wind Wall 1 is expected to be commissioned during fall of 2020.
Wind Wall 1 will consist of 13 wind turbines of the model Vestas V126, with a total installed capacity of 46.5 MW.
As part of the agreement with Cubico, Eolus has been entrusted to provide technical, operational, and administrative services for the wind farm to maximise outcome and production from the facility.
“I am pleased with the trust that Cubico puts in Eolus, to deliver a high-quality asset and to manage Wind Wall 1 under long term commitments once built. We are proud to establish a new relationship with Cubico and hope to expand on this relationship in the future,” says Eolus CEO Per Witalisson.
“It is fantastic to bring new life to Wind Wall with modern large turbines, a project that earlier consisted of hundreds of Vestas V17 90kW turbines built in the mid-80s. This is an important milestone for Eolus in California and in the US, and without our team and continued support from our partners, such as Vestas, Signal and Swedbank, it would not be possible to make this a reality,” says Eolus North America Country Manager Hans-Christian Schulze.
The transaction is subject to fulfilment of several conditions before closing.
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Read the article online at: https://www.energyglobal.com/wind/13102020/eolus-to-sell-wind-project-in-california/