UK Group Plans Texas Panhandle Wind Farm

July 5, 2018


Macquarie Capital‘s Green Investment Group (GIG) says it has new financing in place to build a new wind farm in the Texas Panhandle.

GIG is partnering with California’s Candela Renewables in a series of renewable energy projects, the first of which is to be a 200 MW wind farm to be called Canadian Breaks.

Macquarie said Monday it’s providing all of the equity and is leading the debt financing effort.

The company said it’s the first Panhandle wind deal since 2016.

GIG started out as Green Investment Bank, a vehicle created by the UK Government to accelerate clean energy projects in the country.

Since Macquarie bought the bank in 2017, for over $3 billion, it’s moved abroad, starting with projects already said to be underway in Europe.