CHICAGO--(BUSINESS WIRE)--ACCIONA Windpower, an ACCIONA group subsidiary company dedicated to the design, manufacture and sale of wind turbines, has begun the supply of one hundred AW 116/3000 wind turbines for a wind power complex in Texas managed by the global asset manager, Capital Dynamics.
The wind turbines will be installed in the Green Pastures wind complex, which is located on over 18,000 acres in Baylor and Knox Counties in North Texas. They are equipped with 116-meter-diameter rotors, which provide optimum performance within a wide range of wind speeds, and will be mounted on 92-meter-high steel towers.
Supplies have already begun and the first phase, with a capacity of 150 MW, is expected to be operational in March 2015. Capital Dynamics and Prudential Capital Group have already completed the financing for this first phase of the Green Pastures wind complex. ACCIONA Windpower will also provide operation and maintenance services for 10 years.
“ACCIONA Windpower gives this project a competitive advantage that is decisive in the North American wind power market nowadays,” explains ACCIONA Windpower North America CEO Enrique Teruel.
ACCIONA Windpower has signed contracts for the sale of AW 3000 wind turbines in Brazil, the United States, Mexico, Canada, South Africa, Spain, Turkey, Chile and Poland. This contract means that ACCIONA Windpower will accumulate more than 1,200 MW supplied or contracted for wind farms in the United States, in different models of its 1.5 and 3 MW capacity platforms.
Corporate information
ACCIONA Windpower designs and manufactures wind turbines with a capacity of 1.5 and 3 MW. It has turbine assembly plants − two in Spain, one in the USA, and a fourth that will enter service in Brazil towards the end of 2014. It also has a turbine blade manufacturing facility. It has supplied – or has contracts for - wind turbines totaling almost 6 GW in more than 100 wind farms in 18 countries. It is a subsidiary of ACCIONA Energía, a world leader in renewables with over 20 years’ experience in the sector and 10,000 MW installed, either for the company or its customers.
Both companies belong to the ACCIONA Group, one of the leading Spanish corporations operating in infrastructures, energy, water and services in over 30 countries. Its corporate motto “Pioneers in development and sustainability” reflects its commitment — in all its activities — to contribute to economic growth, social welfare and the protection of the environment. This effort is recognized through its listing on the Dow Jones (DJSI) and FTSE4Good sustainability indexes. ACCIONA is quoted on the Ibex-35 stock index, has a workforce of around 34,000 worldwide and earned revenues of 6,607 million euros in 2013. www.acciona.com
Capital Dynamics is an independent, global asset manager, investing in private equity and clean energy infrastructure. It is client-focused, tailoring solutions to meet investor requirements. It manages investments through a broad range of products and opportunities including separate account solutions, investment funds and structured private equity products. Capital Dynamics currently has USD 19 billion in assets under management/advisement (1).
Capital Dynamics’ investment history dates back to 1988. Its senior investment professionals average over 20 years of investing experience across the private equity spectrum (2). It believes its experience and culture of innovation give them superior insight and help the company deliver returns for its clients. It invests locally while operating globally from its London, New York, Zug, Beijing*, Tokyo, Hong Kong, Silicon Valley, Sao Paulo, Munich, Birmingham, Seoul, Brisbane, Shanghai* and Scottsdale offices.
1Capital Dynamics comprises Capital Dynamics Holding AG and its affiliates; assets under management/advisement, as of March 31, 2014, include assets under discretionary management, advisement (non-discretionary), and administration across all Capital Dynamics affiliates. Investments are primarily on behalf of funds managed by Capital Dynamics. 2Average years of experience held by Capital Dynamics’ 20 most-senior investment professionals. * Capital Dynamics China is a legally separate company operating under a strategic cooperation with Capital Dynamics.
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