Start of construction
Enel Green Power starts construction of its largest wind farm worldwide.
Proxy Revenew Swap
Enel Green Power leverages new offtake strategy, the largest of its type. EGP will sell a 295 MW portion under a PRS to Allianz Global Corporate & Specialty, Inc.'s Alternative Risk Transfer unit (Allianz), and Nephila Climate. The PRS is a financial derivative agreement which hedges shape risk in addition to risk associated to price and volume.
Start of operations
Enel Green Power announced that the High Lonesome wind farm has been synchronized to the power grid.
Signing of new PPA
Enel Green Power expands High Lonesome to 500 MW through new PPA with Danone North America.
Enel Green Power starts operations at a 50 MW expansion to the project supported by a 20.6 MW PPA with food and beverage company Danone North America.
Enel Green Power is committed to creating long-term shared value for the community and the company and plans to make local investments focused on education and emergency response. On behalf of the High Lonesome wind project as well as the nearby Roadrunner solar project, Enel Green Power has provided support in McCamey, Texas, for the McCamey Wellness Center and a forthcoming downtown farmers market.
“The money that Enel gave to us will provide us several pieces of much-needed equipment. It will definitely help the wellness center to continue to be able to provide the services we do for the community.”
- Lucy Johnson, Wellness Center Director for the McCamey Hospital District
Work Progress Status
Construction of the High Lonesome wind farm took place throughout 2019 and is mostly complete, as the project began operations in December. The construction process followed Enel Green Power’s Sustainable Construction Site model, a collection of best practices aimed at minimizing the impact of plant construction on the environment, waste, water and people.
Investment 224k Dollars in local spending during construction
Lease payments >90
Lease payments >90 Million dollars expected over project lifetime
Local tax revenue >75
Local tax revenue >75 Million dollars expected over project lifetime