Company Overview of E.ON Climate & Renewables North America, LLC

E.ON Climate & Renewables North America, LLC has secured institutional equity financing of approximately $174.9 million and a commitment to fund further capital contributions from a group of investors that includes JPM Capital Corporation (J.P. Morgan) and Wells Fargo Wind Holdings LLC (Wells Fargo) in exchange for a partial interest in EC&R's Wildcat I Wind Farm. J.P. Morgan acted as lead investor in the financing. The project, located in Tipton and Madison counties, is EC&R's first wind energy project in Indiana and began commercial operation in December. One hundred twenty-five GE 1.6 megawatt turbines provide more than 200 megawatts (MW) of power--enough to generate clean power to more than 60,000 households in the Midwest. This project is expected to generate more than $31 million in local taxes, pay $11 million in local salaries, and earn landowners more than $73 million. At the height of construction, the Wildcat I Wind Farm project brought more than 200 jobs to the area.

E.ON Climate & Renewables North America, LLC celebrated the Wildcat I Wind Farm on Oct. 9, 2012 with an onsite ceremony. The project, located in Tipton and Madison counties, is EC&R's first wind energy project in Indiana. One hundred twelve Vestas 1.8 megawatt turbines provide more than 200 megawatts (MW) of power--enough to generate clean power to more than 60,000 households in the Midwest. White Construction is currently leading the assembly of the project, which will be complete by the end of 2012. More than 200 people have been hired during construction and the project will employ approximately 10 permanent positions on the wind farm in Tipton and Madison counties. Under a 20-year Power Purchase agreement, Indiana Michigan Power (I&M), an operating company of American Electric Power, will purchase 100 MW of wind power from the wind farm. EC&R has invested more than $4 billion dollars in the U.S. in the last four years, creating more than 4,000 construction jobs and another 200 permanent jobs to keep its wind farms up and running. When operational, this project will mark the 17th operational wind farm in North America for EC&R, giving the company more than 2,500 MW online.

E.ON Climate & Renewables North America, LLC Presents at The U.S. Solar Market Insight Conference, Oct-30-2012 02:30 PM. Venue: The Westin Millbrae, 1 Old Bayshore Highway, Millbrae, CA 94030, United States. Speakers: Peter Moritzburke, Vice President, Solar Development.