Bloomberg News

EON Gets $223.6 Million in Financing for Texas Wind Project

October 30, 2012

EON AG, Germany’s largest utility, received $223.6 million in financing for a wind farm it built in southern Texas.

Investors including JPMorgan Chase & Co. (JPM:US) and Wells Fargo & Co. provided $167.7 million in equity financing and a commitment for another $55.9 million for the 203-megawatt Magic Valley Wind Farm near Raymondville, Texas, EON said today in a statement. The wind farm began producing power in September and has 112 Vestas Wind Systems A/S (VWS) 1.82-megawatt turbines.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net


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