Wind farm will provide energy to McDonalds and Facebook through two separate PPAs.
GE Renewable Energy announced today that it will provide 107 of it’s 2.82-127 onshore wind turbines for the 302-MW Lincoln Land Wind project in Morgan County, IL. The wind farm is owned by funds managed by the Infrastructure and Power strategy of Ares Management Corporation (Ares) and will provide 126 MW of renewable energy to McDonald’s and approximately 175 MW to Facebook through separate power purchase agreements (PPAs).
Apex Clean Energy led the development of Lincoln Land Wind and Ares finalized preconstruction milestones, including securing turbines, financing (tax equity and debt), and other project contracts. The partnership with GE also includes a 20-year O&M agreement. The project is anticipated to be completed by the end of 2021.
GE’s 2.82-127 turbine was recently names the most widely deployed turbine in the US in 2020 by the American Clean Power Association.
Tim White, GE Renewable Energy’s CEO for Onshore Americas, said “We are delighted to continue our partnership with Ares. Together, we have announced more than 800 MW in new onshore units over the last 12 months—this is an exciting milestone, and we’re thrilled to support our customers in accelerating the energy transition by helping to deliver sustainable, affordable, renewable energy through our combined projects in the US.”
Steve Porto, Managing Director of Ares Infrastructure and Power, said “We are proud to once again work with GE Renewable Energy. We believe trusted partners are critical to building projects of this scale and delivering low cost energy to our customers and with an effort to deliver strong results for our investors.”
GE Energy Financial Services is providing tax equity for the project.
Source: Renewable Energy