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.
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