GE to Operate 211-Megawatt Wind Farm in Texas Panhandle With EON

General Electric Co. (GE), the largest U.S. producer of wind turbines, agreed to own and operate a project in Texas with EON SE (EOAN), Germany’s biggest utility, that will power about 64,000 homes.

GE Energy Financial Services Inc. and EON Climate and Renewables North America LLC each provided half of the equity investment in the 211-megawatt Grandview I wind farm, according to a statement today. Financial terms weren’t disclosed.

The project will be built about 26 miles (42 kilometers) east of Amarillo in Carson County. It will include 118, 1.7-megawatt turbines provided by Fairfield, Connecticut-based GE, which will service the units under a five-year agreement, according to the statement.

“This is our most energetic project ever built and we are excited to harvest the extraordinary wind resource in this area,” Patrick Woodson, chief executive officer of EON Climate and Renewables North America, said in the statement.

Texas has the most installed wind capacity of any state with about 12,300 megawatts at the end of 2013, according to the statement. Wind power from Grandview I will avoid about 482,000 metric tons of greenhouse gas emissions a year, equal to the annual pollution from about 100,000 passenger vehicles.

EON’s subsidiary will manage construction of the wind farm, which is expected to be operational in December.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jim Efstathiou Jr., Tina Davis

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