GIG has successfully developed, commercialized and reached financial close of Canadian Breaks, a 200 MW onshore wind farm in Texas. The asset, featuring an installation of Siemens Gamesa wind turbines, is located in Texas in Oldham and Deaf Smith Counties and connects into the Electric Reliability Council of Texas (ERCOT) electric grid.
Canadian Breaks was fully developed by Macquarie Capital, who provided 100% of the sponsor equity. Macquarie Capital also acted as financial advisor and led the structuring of an energy hedge, tax equity and debt financing. Rabobank, National Australia Bank and Siemens Financial Services provided debt financing.