Terna Energy Expands its Wind Portfolio in Texas by 358 MW

Terna Energy has announced the completion of two significant investments in the Texas area, leading to the strengthening of its wind farm portfolio in the US.

Terna Energy has announced the completion of two significant investments in the Texas area, leading to a significant strengthening of its wind farm portfolio in the US.

The first announcement was made regarding the commercial operations on the 158 megawatts (MW) Gopher Creek Wind Energy project (formerly Fluvanna II), which represents the second phase of the 313 MW Fluvanna Wind Energy Project.

Tri Global Energy (TGE), a leading wind developer in the region, originated and developed the Fluvanna Wind Energy Project and sold the project to Terna in 2016. TGE has since continued supporting landowner and community relations.

Comprised of nearly 40,400 leased acres with 51 landowners, the Fluvanna Wind Energy Project has been constructed in two phases, with the 155 MW first phase achieving operational status in 2017. The construction work on the “Gopher Creek” (Fluvanna 2) wind farm began in the second half of 2018 and it was completed within the set time schedule.

In December 2017, it was the 155 MW first phase of the Fluvanna project which allowed wind capacity to exceed coal power capacity in Texas for the first time in the state’s history, pushing total wind power capacity to more than 20,000 MW, while coal capacity stood at 19,800 MW.

The company has also announced that concurrently, all the procedures for the acquisition of “Bearkat” Wind Farm in Glasscock County, Texas were successfully completed. With a total capacity of 200 MW, the project has been in commercial operation since January 2018.

With the addition of these two new wind farms, the installed capacity of the Group in the US totals 651 MW. The Group operates two other wind farms in the US, one of 138 MW in Elmore County, Idaho and one more of 155 MW in Scurry County Texas (Fluvanna 1).

George Peristeris, chairman of Terna Energy said that “honouring our commitments to our shareholders and partners, we have successfully completed within the set time-schedule two new significant investments in the US market. The Group’s total installed capacity in the US has reached 651 MW, making Terna the biggest investor of RES projects in Greece and the biggest Greek company in the field of clean energy internationally. We are determined to further invest in Greece and abroad, aiming to surpass the target of 2,000 MW.”

Overall, the company operates, is constructing or has fully licensed 1,512 MW of RES installations in Europe and the US. The total installed capacity of the Group amounts 1,390 MW, namely 607 MW in Greece, 651 MW in the USA and 132 MW in Southeast Europe. The company is targeting, in the long-term horizon, to reach 2,000 MW of RES projects in operation.