Bearkat II Onshore Wind Farm has Successfully Commenced Operations
The Bearkat II onshore wind farm located in Glasscock County, Texas, has successfully commenced operations
Copenhagen Infrastructure Partners (“CIP”) announced that the 162.2 MW onshore wind farm, Bearkat II, successfully commenced commercial operations and secured tax equity funding in October 2020.
Bearkat II is located in Glasscock County, Texas and was co-developed with Dallas-based developer Tri Global Energy. The project utilizes 47 V126-3.45 MW Vestas turbines that produce wind power to serve the ERCOT power market. Generated power is sold under a long-term offtake contract with a major U.S. financial institution, which reduces the project’s exposure to underlying power prices.
Construction of the Bearkat II project began in March 2019 and, despite challenging market conditions due to COVID-19, was successfully completed below budget. The project was partially funded by Copenhagen Infrastructure II K/S, with the remaining funding coming from two tax equity investors.
“We are delighted to announce the completion of Bearkat II, the newest addition to our growing portfolio of attractive renewable energy projects. This achievement serves as a testament to the dedication and resilience of the CIP team, our partners, and suppliers to execute throughout the global pandemic. We are proud of this project’s contribution to local jobs and in generating clean wind energy to serve the Texas market,” says Christian Skakkebæk, CIP Senior Partner.
The project is expected to generate electricity equivalent to the electricity consumption of more than 56,000 average US households a year.