Horizon and RES Pursue 200 MW Wind Energy Farm

Horizon Wind Energy and RES America Developments have agreed to build the first 200 MW phase of the Cross Timbers Wind Farm in Shackelford County, Texas. Under the provisions of the sale, RES will complete engineering of the project and construct the wind farm in 2006, while Horizon will own and operate the project.

The first phase, known as Mesquite, is expected to provide enough power to supply about 63,000 homes. The transaction is expected to close by the middle of January 2006; terms were not disclosed. “Mesquite’s excellent wind resource and transmission delivery point make it a very attractive project in the Texas market,” said Alec Dreyer, Horizon CEO. The project will use one hundred 2 MW wind turbines. Interconnection, road, and design work are already well underway for the first two phases of the project. The sale provisions provide an option for Horizon and RES to build a second 200 MW phase, and an anticipated third 200 MW phase could bring the Cross Timbers project total to 600 MW. “Horizon’s capabilities make it an ideal owner and operator of the project. Its extensive experience in the wind industry, coupled with its strong financial backing, will provide the support the project needs to reach its potential to be a major contributor to the Texas wind power market,” said Craig Mataczynski, RES president and COO. This is not the first agreement between the two companies. In October this year, Horizon and RES entered into an agreement to construct the 229 MW Wild Horse wind power project near Ellensburg, Washington. Wild Horse was developed by Horizon and will be owned by Puget Sound Energy. Horizon has contracted RES to construct the site infrastructure consisting of roadways, turbine foundations, and electrical collection system.
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