Work Begins on 450-MW High Lonesome Wind Farm in Texas
https://www.power-eng.com/articles/2019/01/work-begins-on-450-mw-high-lonesome-wind-farm-in-texas.html
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Once completed, High Lonesome will be the largest wind farm in Enels global renewables portfolio. The energy generated by a 295 MW portion of the wind farm will be hedged through a Proxy Revenue Swap (PRS), a risk management strategy aimed at minimizing price and weather-related risks.
The start of construction of our largest wind project to-date represents a major commitment to growing our business in the US and specifically in Texas, said Antonio Cammisecra, Head of Enel Green Power. The project underscores our ability to work with partners to tailor energy solutions to fit their needs and continue to manage and deliver to our customers the complex deals necessary in todays evolving energy market. We look forward to continuing to serve as the partner of choice, dedicated to delivering a sustainable energy future.
Investment in the construction of High Lonesome amounts to approximately $600 million and is part of the investment outlined in Enels 2019-2021 strategic plan. The project is expected to enter into operations by the end of 2019.
Once fully operational, the wind farm will be able to generate around 1.7 TWh annually, while avoiding the emission of more than 1.1 million tons of CO2 per year.
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