Capital Dynamics, Prudential Capital finance phase I of 300MW Texas wind farm

Private equity firms Capital Dynamics and Prudential Capital have completed financing of the phase I of the 300MW Green Pastures onshore wind project in Texas, US.

Construction on the project, which is located in Baylor and Knox counties in North Texas, is currently underway.

The wind farm will be completed in two phases, each with about 150MW of generation capacity.

Upon completion, the project will generate clean energy that will be enough to power about 110,000 homes and reduce 813,000 tons of greenhouse gas emissions a year.

The electricity generated at the project will be purchased by the Electric Reliability Council of Texas.

Acciona Windpower will deliver 100 AW 116/3000 turbines for the project as well as provide operations and maintenance services for 10 years.

Capital Dynamics managing director John Breckenridge said: "Green Pastures is the latest example of our commitment to clean energy in the UK, Australia and North America.

"We are pleased to be able to partner with a leading energy investor in Prudential and a top-rated wind turbine supplier in ACCIONA."

Green Pastures is Capital Dynamics’ first onshore wind project in the US and fourth overall. The company has three wind projects in the UK.

Capital Dynamics said its cumulative wind power projects now cross 350MW in several stages of construction and late-stage development.

Capital Dynamics’ CEI business mandate will invest directly in clean energy technologies such as wind, solar biomass, conventional cogeneration and waste gas fuelled power generation projects globally.

It currently manages over 530MW of clean energy capacity in North America, Europe and Australia.