Largest EDP Renováveis wind farm inaugurated in the United States
EDP Renováveis, through its affiliate Horizon Wind Energy, is today inaugurating its largest wind farm in the United States. Located in the U.S. state of Texas, the Lone Star wind farm has 400 MW of installed capacity, producing the equivalent of the energy consumed by 120,000 families. The wind farm has been fully operational since last May. The electricity produced by the wind farm is sold to two vendors: J Aron, a trading company of Goldman Sachs, and Direct Energy, one of the largest electricity distributors in Texas. The Texas wind farm is one of 11 that the company currently has in operation in the United States, with a total of 1,556 MW shared among six states. “For Horizon, Lone Star represents a very significant step in the consolidation of a leadership position in the American market,” notes António Martins da Costa, president of Horizon. Because of the scale involved, the Lone Star wind farm is a good example of Horizon’s capacity for execution.” In addition to Lone Star, Horizon has other investments under study in Texas, comprising part of the pipeline of more than 11,000 MW under development throughout the territory of the United States. Texas is in the front line of the expansion of wind energy in the United States. It is already the state with the largest installed capacity (nearly 5,300 MW), it maintains a political-regulatory climate that is favorable to the development of industry, and above all, it has a high wind potential. The American market represents 42% of the installed capacity of EDP Renováveis, with the Iberian Peninsula as the second largest market in the Group’s portfolio. In 2007, and for the third straight year, the United States was the country with the world’s largest growth of wind energy. Investment in the sector came to nine million dollars, according to the U.S. Department of Energy.