By Olivia Bugault 
 

E.ON SE (EOAN.XE) said Thursday that it will invest more then $500 million to build a 440-megawatt onshore wind farm in Texas.

The German utility said it has already sold the subscription rights for 200 megawatts of the plant for a period of twelve years to Austin's community-owned electric utility, Austin Energy. However, the company didn't disclose the financial details of its long-term agreement with Austin Energy.

The construction of the wind farm will start at the end of 2019, E.ON said.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

August 15, 2019 06:32 ET (10:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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