E.ON and GE Energy Financial Services celebrated the opening of the Grandview Wind Farm in the Texas Panhandle, 30 miles east of Amarillo. E.ON and GE Energy Financial Services jointly own Grandview through a 50/50 investment partnership.
"The community has been wonderful and more than patient in developing this project. Grandview was one of the first projects that helped pave the way for the development of the Competitive Renewable Energy Zones (CREZ) and was more than a decade in the making. The area boasts some of the best winds in the world and will now be one of the landmark projects anywhere," North American chairman Patrick Woodson said. "These types of super-windy sites are the ideal developers have been seeking and the outstanding nature of the winds here will test our technology and operating approaches.
"Like so many other projects this is creating jobs here at home, providing new development to the local community and helping to provide stable electricity pricing for the people of Texas," Woodson added. "Building Grandview created 300 temporary and 13 permanent jobs; more than $4 million of local spending on labor, subcontractors, infrastructure and materials; and 40 miles of roads upgrades, with $40 million in projected additional tax revenues generated during the life of the project," said Woodson.
David Nason, president and chief executive officer of GE Energy Financial Services, noted that the Grandview wind project represents the company's first co-investment on a new project with E.ON. Nason said, "E.ON is a leader in the U.S. renewable energy industry and in global energy infrastructure, and we look forward to opportunities to co-invest together."
Since 2004, GE Energy Financial Services has committed to invest more than $9 billion in over 14 GW of wind power projects worldwide. It plans to continue to invest approximately $1 billion annually in renewable energy globally.
With representatives from E.ON, GE Energy Financial Services, local and national elected officials in attendance, Woodson and Nason presented the City of Groom Ambulance Service a check for $100,000, to be used toward the purchase of a new ambulance.
Grandview began commercial operation last December. The wind farm has 118 GE 1.79 MW turbines that can create 211.2 MW, enough electricity to power approximately 64,000 homes. Since 2005, EC&RNA has developed 2.7 GW of wind projects in the United States.