This website uses proprietary and third-party cookies. By continuing to navigate this website, you are accepting the use that we make of them. If you wish, you may change your settings on your browser.

What are you searching?

ACCIONA to build its ninth U.S. wind farm in Texas

04/09/2018

An investment of around $200 million, Palmas Altas will have a capacity of 145 MW and be equipped with 46 of Nordex’s AW3150 wind turbines

ACCIONA Energía will build its second wind farm in Texas —the company’s ninth in the U.S. — which will increase ACCIONA’s U.S. wind power capacity to 866 megawatts (MW). An investment of around $200 million (over 160 million euros at the current exchange rate), Palmas Altas will have a capacity of 144.9 MW and be equipped with 46 wind turbines of Nordex technology. Grid connection is planned for November 2019.

Located in Cameron County, near the San Roman wind farm that ACCIONA started up in December 2016, the new facility will produce around 524 gigawatt-hours (GWh) of clean energy per year, equivalent to the consumption of 43,000 U.S. households, and offset the emission of 503,000 metric tons of CO2 to the atmosphere from coal-fired power stations.

“We are proud to undertake a new wind power project that consolidates the reactivation of our investment activity in the United States and confirms our commitment to grow in a controlled and profitable manner in a market that continues to offer very interesting opportunities for the renewables sector,” said Rafael Esteban, CEO of ACCIONA Energy USA Global LLC. 

The Palmas Altas project will employ approximately 170 people at the peak of construction and will be staffed by a 10-person operations team. Over its 25-year lifespan, Palmas Altas is expected to generate $40 million in local tax revenue, as well as more than $44 million in lease payments to local landowners.

The wind turbines to be installed in Palmas Altas will be Nordex’s AW125/3150 model with a rotor diameter of 125 meters, mounted on an 87.5-meter steel tower (hub height).

The energy produced by the wind farm will be sold in the ERCOT-South Texas wholesale market.

ACCIONA Energía currently owns and operates eight wind farms in the United States. In addition to San Roman (93 MW), mentioned above, the company has three others in Oklahoma (329 MW), two in the Dakotas (192 MW), one in Illinois (101 MW), and one in Iowa (6 MW). It also has a 64 MW CSP plant in the Nevada Desert.

In addition to Palmas Altas, ACCIONA Energía has other wind power projects in its pipeline that will increase its operational capacity in the United States.

 

Photo Caption: San Roman was the first ACCIONA Wind Farm in Texas.

 

FORWARD-LOOKING STATEMENTS

This document contains forward-looking information and statements about ACCIONA, including financial projections and estimates and their underlying assumptions, statements

regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “will”,"expects", "anticipates", "believes", "intends", "estimates" and similar expressions.

Although ACCIONA believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ACCIONA shares are cautioned that forward looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of ACCIONA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include,but are not limited to: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions and the timing of actions, including completion of commercial agreements and financing arrangements, and issuance of tax incentives, permits to construct and licenses for operation.

Forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of ACCIONA. You are cautioned not to place undue reliance onthe forward-looking statements, which speak only as of the date they were made. All subsequent oral or written forward-looking statements attributable to ACCIONA or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements are based on information available to ACCIONA, on the date hereof. Except as required by applicable law, ACCIONA does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Move up