Letters of credit (L/Cs) are a key feature in the financing of the 300 megawatt (MW) Ranchero Wind Farm project in Crockett County in the US state of Texas

Last week, Quinbrook Infrastructure Partners announced that its portfolio company Scout Clean Energy had completed construction financing and tax equity commitments on the project.

L/C financing

KeyBank is providing L/Cs in the financing package for the construction of the wind farm.

GE Energy Financial Services meanwhile is underwring the deal and has committed a part of the tax equity.

Project completion

Developed from inception by Scout Clean Energy, the project will feature 120 GE 2.5MW wind turbines, each with 127 metre rotors.

This project is expected to come on-line by the year-end.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.