US: Enel Green Power brings Goodwell Wind Farm online

Enel Green Power S.p.A. (“EGP”) has brought online the 200 MW Goodwell wind farm located in Texas County, Oklahoma.

"Oklahoma is one of the best places in the world for wind resources," said Francesco Venturini, CEO and General Manager of Enel Green Power. “The Goodwell facility is the fifth wind farm that EGP has brought into operation since entering the Oklahoma market in 2012. The project underscores EGP’s ongoing investment in the state and in the U.S. renewable energy market. We are rapidly progressing on our capacity expansion targets coupled with community initiatives including infrastructure and education to ensure that we deliver truly sustainable development in every region in which we are present.”

The construction of Goodwell wind farm, which is owned by Goodwell Wind Project, LLC, a subsidiary of Enel Green Power North America, Inc. (“EGPNA”), is the result of a total investment of approximately 310 million US dollars, in line with the company’s growth targets set out in its current business plan. In July 2014, EGPNA signed a capital contribution agreement with a consortium led by J.P. Morgan thus securing partial financing for the project.

As one of the largest wind farms in the EGPNA portfolio, the Goodwell plant is expected to generate approx. 860 million kWh annually, enough to meet the energy needs of over 73,000 US households and avoid the emission of nearly 450,000 tons of CO2 into the atmosphere each year.
 
The Goodwell wind farm is supported by a 20-year power purchase agreement.