Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EON Gets $223.6 Million in Financing for Texas Wind Project

Oct. 30 (Bloomberg) -- EON AG, Germany’s largest utility, received $223.6 million in financing for a wind farm it built in southern Texas.

Investors including JPMorgan Chase & Co. and Wells Fargo & Co. provided $167.7 million in equity financing and a commitment for another $55.9 million for the 203-megawatt Magic Valley Wind Farm near Raymondville, Texas, EON said today in a statement. The wind farm began producing power in September and has 112 Vestas Wind Systems A/S 1.82-megawatt turbines.

Link to Statement:{NSN MCPOC43MSFLT <GO>}

Link to Company News:{EOAN GR <Equity> CN <GO>} Link to Company News:{JPM US <Equity> CN <GO>} Link to Company News:{VWS DC <Equity> CN <GO>} Link to Company News:{0318836D GR <Equity> CN <GO>}

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.