New frontier wind farm Finance-grade energy yield analysis supports a substantial tax equity investment

What was the aim of the work?

To provide a scientifically defensible estimate of net long-term energy output along with associated uncertainty quantification. Natural Power’s analytics team provided our client with a finance-grade energy yield analysis for the planned 99MW New Frontier Wind Farm in McHenry County, North Dakota, USA.

What was the outcome?

The client used our analysis in support of a third-party $92 million net tax equity financing investment by JP Morgan in the project, which reached Commercial Operation Date (COD) in December 2018.

What did Natural Power do to get this result?

We applied a standardized, rigorous in-house methodology for obtaining pre-construction energy estimates. These were thoroughly validated through a 2015 backcast study of 18 US wind farms totaling 2.3GW of capacity. That study was subsequently updated in early 2019, with methodology refinements applied to 30 US projects totaling 3.9GW of capacity. 

​External articles:

New Frontier Wind
Natural Power Advises on New Frontier Wind

Client Feedback

Natural Power’s role as an independent engineer for energy yield analysis was critical in helping New Frontier achieve commercial operation and tax equity investment within the timescale required.

Project stats

29 Turbines

29 Vestas V126 3.45MW turbines, each with a hub height of 87m and a rotor diameter of 126m.

10,700 acres

Located on approximately 10,700 acres of privately-owned lands in McHenry County, North Dakota, the project was completed on schedule and under budget in approximately seven months.

New Frontier Wind Farm