E.ON on Aug. 15 said it would invest $500 million in building a 440-megawatt (MW) onshore wind farm in South Texas.
The construction of the plant in Willacy, Cameron and Hidalgo counties will start at the end of the year.
In the company’s press release, the German energy firm added that it had already sold the subscription rights for 200 MW of the plant for 12 years to Austin Energy, the city’s community-owned electric utility.
Recommended Reading
E&P Highlights: June 24, 2024
2024-06-24 - Here’s a roundup of the latest E&P headlines, including TotalEnergies working with Nigeria to reach FID on the Ubeta gas field and Chevron signing production sharing contracts for two blocks offshore Equatorial Guinea.
E&P Highlights: May 6, 2024
2024-05-06 - Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.
Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
2024-05-23 - Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.
Blankenship, Regens: More Demand, More M&A, More Regs
2024-05-23 - In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.
US Drillers Cut Oil, Gas Rigs for Fourth Time in Five Weeks
2024-05-24 - The oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24 the lowest since January 2022.