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first_img FacebookTwitterLinkedInEmailPrint分享Windpower Engineering & Development:E.ON announced its largest single-phase project to date, the 440-MW onshore wind farm, Big Raymond. The development is located in Willacy, Cameron and Hidalgo counties. The project benefits from a 12-year power purchase agreement with Austin Energy for 200 MW.“We’re thrilled to partner with another renewable energy leader in Texas in Austin Energy, especially with one of our main U.S. offices based in the city,” said Silvis Ortin, COO North America. “E.ON and Austin Energy both have a long track record of investing in renewables in Texas, and we look forward to that continued growth in the state.”Big Raymond Windfarm represents an investment of more than $500,000,000 in the South Texas region.E.ON recently announced two other South Texas onshore wind farms, Peyton Creek and Cranell, are under construction with a combined total of more than 370 MW and both of which are expected to come online by the end of 2019.E.ON has developed, built, and operates more than 3,800 MW of solar, wind and energy storage projects across the U.S., with more on the way.More: E.ON announces 440-MW South Texas wind farm E.ON to build 440MW, $500 million wind farm in Texaslast_img read more


first_imgEmotional Stress Businessman, angry, grumpy investor, generic,AN economic downturn in Australia will turn the table on housing investors, pushing their default rates higher than owner-occupiers, a new investment report has warned.Moody’s Investors Service vice president and senior analyst John Paul Truijens said in the event of an economic downturn here, Aussie investment home loans would bear the brunt of losses.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago“Our expectation is in contrast to the current trend in Australia, where default rates for housing investment loans are lower than default rates for owner-occupier mortgages,” he said.The firm used Western Australia’s recent experience as an example of what other investors across the country could expect if there was a downturn nationally.It said the mining downturn over four years saw the default rate for housing investment loans increase significantly to sit higher than that of owner-occupier mortgages.“Housing investment loans are more exposed to deteriorating economic conditions when compared with owner-occupier mortgages, because housing investors depend on rental income to service their mortgages and rising house prices to generate a return on their investment. And, both the rental market and house prices are sensitive to the health of the economy,” the Moodys report said.Rising interest rates and dwindling refinancing options made outstanding investment mortgages riskier, it said, and recent regulatory measures meant there was also less choice for refinancing the existing stock of housing investment loans.last_img read more

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