E.ON Climate & Renewables North America (EC&RNA) and GE Energy Financial Services have announced that it has secured approximately US$ 222 million in institutional equity financing and commitments to fund future capital contributions from Bank of America Merrill Lynch (BofA Merrill) and JPM Capital Corporation (JPMCC), in exchange for partial interest in the 211MW Grandview Wind Farm, LLC (Grandview).
Located in Carson County, Texas, Grandview was formed as a joint venture between EC&RNA and GE Energy Financial Services. Grandview has 118 GE 1.7-100 turbines.
