Dive Summary:
- E.ON Climate & Renewables North America says it has secured $76.6 million equity financing from a unit of JP Morgan for its 100MW Anacacho Wind Farm in southwestern Texas.
- The wind farm provides 100 megawatts of power and went into commercial operation in December. JPM Capital Corp. also plans to fund further capital contributions in exchange for a partial interest in the wind farm project.
- Germany’s E.ON is the fourth largest owner of U.S. wind capacity with 2.72GW as of January; following NextEra Energy Resources, Iberdrola Renewables and EDP Renewables.
From the article:
"Success with our Anacacho Wind Farm and the support from the project finance community provides additional capital that can be used in our project development activities,” said Steve Trenholm, Chairmano of EC&R North America.
