Scout Clean Energy completes construction of 180-MW Heart of Texas Wind Farm –

Colorado-based
renewable energy developer, owner and operator, Scout Clean Energy, completed
construction and successfully closed tax equity funding for the utility-scale
180-MW Heart of Texas Wind Farm (HTX) in McCulloch County, Texas. Scout is a
portfolio company of Quinbrook Infrastructure Partners.

HTX utilizes
64 of the latest generation GE 2-MW platform wind turbines and three models of
2-MW platform turbines to optimize site production. Construction began in
September 2019 and was completed following the commissioning of Scout’s 300-MW
Ranchero Wind Farm in Crockett County, Texas late last year.

Scout entered a fixed-price balance-of-plant
construction agreement with RES Americas Construction, who completed the
construction. The asset management and post-construction operation will be
undertaken by Scout.

Allianz
Global Corporate & Specialty’s Alternative Risk Transfer unit, in
partnership with Nephila Climate, will purchase the wind energy generated by
the project. REsurety provided the risk analytics supporting the long-term
offtake transaction.

Construction financing of $255 million was
provided by KeyBank as an Administrative Agent, Rabobank and CoBank ACB. GE
Energy Financial Services and BHE Renewables invested tax equity. The project
has tax incentive agreements in place with McCulloch County, McCulloch County
Hospital District and Lohn Independent School District. It is estimated that
the county will receive $36 million in tax revenue over the life of the
project.

“Heart of Texas was completed on time
and under budget which is quite an achievement given the wide-spread disruption
that COVID-19 has caused across the entire US economy,” said Michael
Rucker, CEO and founder of Scout Clean Energy.

“Reaching commercial operations at Heart of Texas brings Scout’s operational portfolio of wind energy generation to 698 MW with a further 146 MW under construction and more than 4,000 MW in our active development pipeline.”