General Electric has won a contract to supply 235 of its 1.7-100 wind turbines for a Texas project being co-developed by a subsidiary of New Generation Power (NGP) and an unnamed partner, Recharge learns.
The unpublicized deal is among the largest for GE over the past year in the booming wind market in Texas, where it has also landed large supply contracts with project owners such as CPV Renewable Energy, EDF Renewable Energy, Invenergy and Starwood Energy.
with knowledge of the deal says it was structured to help allow the asset
owners to qualify for the federal production tax credit (PTC) that expired last
projects that will qualify for the incentive will get built this year and 2015,
benefitting from the provision that allows work of a “significant nature,” and
5% of their costs to have been incurred before that date. Thereafter, a project
is required to show “continuous construction.”
for two-phase development of the $650-700m West Texas project located in
Haskell County north of Abilene. Phase I will have 118 turbines and Phase II
117 turbines with both entering service by the end of 2015.