The Foard City wind project, consisting of 139 GE turbines, will be located in Foard County in Texas. Currently under construction, the project has secured a 12-year power purchase agreement for 300 MW of its 350.3 MW capacity, sales of which will start upon the facility reaching commercial operation. All 139 Determinations of No Hazard from the FAA were received in May 2019.
On May 8, 2019, the Corporation announced the closing of a construction loan and tax equity commitment for the Foard City wind project. The construction financing amounts to US$290.9 million ($380.7 million), backed by a US$275.0 million ($359.9 million) tax equity commitment and a US$23.3 million ($30.5 million) 7-year term loan facility with a 10-year amortization period to be provided by lenders upon the commercial operation date.
All 139 of the turbines have now been delivered to site and erected and mechanical completion and testing are proceeding on schedule. The substation has been energized and energization of the collector lines commenced in early August.
The project is expected to reach commercial operation in Q4 of 2019.
|Energy|| Wind energy|
|Capacity - Gross (MW)||350.3|
|Innergex participation (%)||100|