“With the completion of Rattlesnake Creek and Diamond Vista, we have now added more than 800 MW of new wind capacity in 2018 in the US, strengthening our growth in the country and confirming our position as partner of choice for commercial and industrial customers. These projects further demonstrate our ability to develop customised solutions that best meet the renewable energy needs of our customers”
The Rattlesnake Creek wind farm, located in Dixon County, Nebraska, is fully contracted with long-term power purchase agreements, under which Adobe will purchase the energy from a 10 MW portion through 2028 and Facebook will gradually buy the wind farm’s full output by 2029. The agreement enables Facebook to power its data centre in Papillion, Nebraska with 100% renewable energy. The investment in the construction of Rattlesnake Creek, which is expected to generate around 1,300 GWh annually, amounts to approximately 430 million US dollars.
The Diamond Vista wind farm, located in Marion and Dickinson Counties, Kansas, is supported by three separate long-term power purchase agreements. The electricity and renewable energy credits from a 100 MW portion of the wind farm will be sold to global manufacturing company Kohler Co. to supply 100% of the annual electricity needed to power the company’s US and Canadian operations, including its 85 manufacturing facilities, offices and warehouses, while reducing Kohler’s global greenhouse gas emissions by more than 25%. Additionally, the output and renewable energy credits from another 100 MW portion of the facility will be sold to City Utilities of Springfield, and those from an 84 MW portion to Tri-County Electric Cooperative of Oklahoma. The investment in the construction of Diamond Vista, which is also expected to generate around 1,300 GWh annually, amounts to around 400 million US dollars.
In addition, EGPNA signed tax equity agreements with Bank of America Merrill Lynch and J.P. Morgan for the Rattlesnake Creek and Diamond Vista wind farms. The two investment banks will purchase 100% of the “Class B” equity interests of the 320 MW Rattlesnake Creek wind project in Nebraska for around 334 million US dollars. Under a separate agreement, Bank of America Merrill Lynch and J.P. Morgan will also purchase 100% of the “Class B” equity interests of the 300 MW Diamond Vista wind project in Kansas for around 317 million US dollars. Enel retains 100% ownership of the “Class A” interests, as well as control over the management and operation of both wind farms.
Over the past year Enel signed around 570 MW of commercial and industrial (C&I) PPAs in the US. To date, Enel has signed, directly or indirectly, more than 1.2 GW of power supply contracts in the US with C&I customers. Through these agreements, Enel is able to create tailor-made solutions for its corporate customers, with the aim to provide them with long-term access to an affordable, sustainable and reliable source of power.