Financings secured for Rattlesnake wind project in Texas

Goldwing, the global wind turbine technology and energy solutions provider has announced, on May 1, tax equity commitments with the businesses managing company Berkshire Hathaway Energy and the global bank Citi.

MidAmerican Wind Tax Equity Holdings, a Berkshire Hathaway Energy subsidiary and Citi have granted tax equity funds to Goldwind (Xinjiang Goldwind Science & Technology Co).

Those financings are to support the 160MW Rattlesnake wind project to be located in McCulloh County, Texas.

Wu Gang, Chairman of Goldwind declared: “We are very pleased to partner with world-class institutions Berkshire Hathaway Energy and Citi on this innovative and breakthrough deal. Their support is a testament to the performance and realibity of Goldwind’s Permanent Magnet Direct Drive (PMDD) wind turbine technology, with its industry-leading availability. Goldwind will continue our internationalization strategy.”

The Rattlesnake project which will feature sixty-four Goldwind GW 109/2.5MW PMDD wind turbines is worth near $250M.

Marshal Salant, Global Head of Alternative Energy Finance at Citi said: “Citi is proud to support this innovative project, which is being developed by Goldwind, the largest Chinese wind turbine manufacturer. The Rattlesnake Wind Project offers a great example of Citi’s commitment to supporting the global aspirations of its clients, enabling growth, and economic progress through investment in sustainable energy solutions.”