Map of areas with various wind speeds in Texas.

Two new wind farms will be developed in Texas by Energos (Spain), which will provide "greenfield" development capital, and Caprock Wind and Peak Wind. The agreements between the two companies were facilitated by Allegiance Capital.

Even though there is plenty of "leg work" to be done before the projects reach "construction ready" status, the plan is to have both plants operational by 2014. The wind farms are called Arranz Wind Caprock I and Arranz Wind Tuxedo I.

With the 600 MW wind farm to be developed by Shenyang, this is a total of 1000 MW of new wind power capacity lined up for development in Texas in the next couple of years.

[source: Allegiance Capital]