Wind turbine manufacturer Vestas Wind Systems A/S has secured orders to deliver 212 MW of turbines for Longroad Energy Holdings LLC's Rio Bravo Wind Project in Starr County, Texas.
Vestas will supply, commission and manage 66 V136 3.6-MW turbines under a 20-year management contract, it said in a June 14 news release. Delivery of the turbines will start in the first quarter of 2019.
Longroad Energy purchased the Rio Bravo project from Steelhead Americas, the development arm of Vestas that focuses on developing or co-developing wind projects in North America.
In a separate, earlier news release, Longroad said it had completed the financial closing of the Rio Bravo plant, estimating construction costs at $300 million. A 15-year hedge with Citigroup Energy Inc. has been established. Longroad said it has retained KeyBanc Capital Markets to explore a potential sale of project equity.
Including the previously purchased 4 MW of production tax credit components, the Rio Bravo project will have a total capacity of 238 MW upon completion. Those components were acquired at the end of 2016 to qualify for the full value of the credits. The project is slated to reach commercial operation in June 2019.