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.
Blackstone Energy Partners made an equity commitment of $500 million in Waterfield Midstream, a Permian Basin oil and gas water management platform.
Meanwhile, gross natural gas production in the U.S. Lower 48 fell for the first time in a year, sliding in January from a record high the month before, says the EIA.
Encana edged past estimates for quarterly profit on July 31, helped by increased shale oil production in the Anadarko and Permian basins.