Lincoln Clean Energy secures funds for 300MW Tahoka project in US

15 January 2018 (Last Updated January 15th, 2018 08:59)

Lincoln Clean Energy (LCE) has closed the financing of its 300MW Tahoka Wind project in Lynn County, Texas.

Lincoln Clean Energy (LCE) has closed the financing of its 300MW Tahoka Wind project in Lynn County, Texas.

The windfarm will receive 120 2.5-127 wind turbines from GE Renewable Energy, which will also provide long-term services for the facility.

Morgan Stanley will provide construction and term financing for the project.

Lincoln Clean Energy founder and CEO Declan Flanagan said: “The successful financing of this project underlines the competitiveness of US windpower.

“LCE is well-positioned to execute on more than 1,000MW of advanced stage development projects across Texas and the Midwest.”

“With the uncertainty of tax reform behind us, the next three years are going to be big for renewable and LCE is well-positioned to execute on more than 1,000MW of advanced stage development projects across Texas and the Midwest.”

The project will also receive long-term tax equity from BHE Renewables, a wholly-owned subsidiary of Berkshire Hathaway Energy Company.

LCE director and I Squared Capital’s partner Adil Rahmathulla said: “I Squared Capital is proud to be at the forefront of the transition to renewable energy in the US.

“Combined with the recently commissioned Amazon Windfarm Texas and Willow Springs Windfarm, LCE will generate approximately 3.3 million MWh of renewable energy per year, or enough to power the equivalent of more than 300,000 US homes.”

LCE is a portfolio company of I Squared Capital. It has developed more than 1,800MW of renewable power projects in California, New Jersey, and Texas since 2011.