Aragonne Mesa, New Mexico
Aragonne Mesa wind farm achieved commercial operation in late December 2006 with an installed capacity of 90 MW and an expected net energy output of 270.6 GWh per annum. The wind farm consists of 90 Mitsubishi G87 1 MW wind turbines and is located in New Mexico. Aragonne has a net capacity factor of 34.2%.
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Funding
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Available debt facilities and existing cash on hand
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Revenue
assurance
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All electricity is sold under a PPA with a term of 20 years
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Customers
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Arizona Public Service Co
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Operation
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A five year Wind Turbine Maintenance and Service Agreement with Mitsubishi Power Systems is in place
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Land
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30 year land lease
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IFN's
percentage
ownership
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IFN has acquired a US entity which holds all of the Class B Membership interests in a holding company which owns 95% of the Aragonne wind farm project entity.
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Regulatory
regime
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USA Production Tax Credits under the Energy Policy Act (2005)
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