fresh funding

Houston energy company makes contribution to coastal region conservation

The Baker Hughes Foundation has again made a contribution to a nature organization.

The philanthropic arm to energy company Baker Hughes announced a $100,000 donation to the Coastal Prairie Conservancy. The grant will go toward supporting the preservation of coastal prairies, wetlands, farms, and ranches in Texas.

“Thriving natural ecosystems are essential for maintaining rich biodiversity, and we are committed to conserve and protect our natural resources,” Allyson Book, chief sustainability officer at Baker Hughes, says in a news release. “Coastal Prairie Conservancy preserves and safeguards the ecosystems in the Greater Houston area, and we are proud to partner with them.”

The grant was announced last week at the company's new headquarters grand opening.

The Coastal Prairie Conservancy is a nonprofit land trust that's work plays a big role in flood control, cleaner air and water, recreation, and wildlife habitat preservation.

“We are so grateful for this generous donation and meaningful partnership with the Baker Hughes Foundation. Not only will this funding allow the Coastal Prairie Conservancy to safeguard plants and animals and provide healthy grasslands and wetlands as homes, it also benefits people,” Coastal Prairie Conservancy President and CEO Mary Anne Piacentini says in the release. “Coastal prairie conservation and enhancement provide the public with access to nature, enhanced health and wellness, regional flood control, increased carbon capture, improved water quality, and climate resilience. We are proud to partner with the Baker Hughes Foundation to ensure healthy lands, healthy wildlife and healthy communities.”

In recent years, the Baker Hughes Foundation has contributed a combined total of $150,000 in habitat restoration support within the Texas Gulf Coast region. Earlier this year, the organization distributed funding to tree planting efforts, DEI hiring initiatives, and the University of Houston's Energy Transition Institute.

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A View From HETI

A View From UH

This new Texas wind farm is now partly powering Target Corp. Photo via

A Texas wind energy project has officially delivered and is actively providing power to its customer, Target Corp.

Boston-based Swift Current Energy, which has an office in Houston, announced this week that its 197 MW Castle Gap Wind project is operational. It has the capacity to create enough pollution-free energy to power more than 50,000 homes annually.

"Castle Gap Wind is a momentous project for Swift Current Energy as we grow our projects under asset management and operations," Eric Lammers, CEO and co-founder of Swift Current Energy, says in a news release. "Castle Gap Wind is one of the earliest projects supported by the Inflation Reduction Act, and we are thankful for our partners at Target, Goldman Sachs, MUFG, CaixaBank and of course the entire Swift Current Energy team who helped make the Project possible."

Goldman Sachs provided the tax equity for the project, and Target and Swift Current have established long-term virtual power purchase agreement. Additionally, Mitsubishi UFJ Financial Group, or MUFG, and CaixaBank provided project financing.

"Goldman Sachs is pleased to partner with Swift Current Energy on their Castle Gap Wind project," Ryan Newman, head of Tax Equity at Goldman Sachs, says in the release. "Goldman Sachs is committed to financing the energy transition and supporting sponsors like Swift Current that are developing sustainable infrastructure in an effort to combat climate change."

The project is located in the Mills and Lampasas Counties, which are around 90 miles northwest of Austin.

"This Castle Gap Wind contract is a part of our commitment to renewable energy and is one example of how we are leveraging our size and scale to benefit people, the planet and drive our business forward," Erin Tyler, Target's vice president of property management, says in the release.

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