Engie North America has started construction of the 160MW Jumbo Hill wind project in Andrews County, Texas.
Scheduled to go online by spring 2020, Jumbo Hill project will be built with an investment of more than $150m and will be equipped with 57 General Electric (GE) Renewable Energy turbines.
The project is expected to create 250 employment opportunities during the construction phase and employ up to 12 people on a long-term basis.
Jumbo Hill Wind project is part of the portfolio acquired by Engie North America from Infinity Power Partners, a joint venture (JV) between Infinity Renewables and MAP Energy last year.
Engie North America Commercial Strategy vice-president Emily Cohen said:”Engie is thrilled to be announcing our fifth wind project to start construction over the past year.
“Engie is thrilled to be announcing our fifth wind project to start construction over the past year.”
“The construction of the Jumbo Hill Project will take Engie North America’s renewable generation built or under construction to more than 1.5GW of capacity.
“It is a strong project in a unique location in West Texas, and we expect it to complement and help grow the evolving industries in the region.”
As part of a virtual power purchase agreement, the project will provide clean energy as well as renewable energy credits generated by the project to a corporate customer.
Additionally, Jumbo Hill project has entered into a proxy revenue agreement to swap a portion of its generation with Allianz Global Corporate & Specialty’s specialist weather risk team, in partnership with its partners at Nephila Climate.
The Proxy Revenue Swap transaction was supported with risk analytics provided by REsurety, which will serve as the calculation agent on an on-going basis.
