in News Departments > Projects & Contracts
print the content item

A group comprising GE Energy Financial Services, Metropolitan Life Insurance Co. and Union Bank NA has invested nearly $247 million in Wind Capital Group's recently commissioned 201 MW Post Rock wind farm.

Wind Capital Group, supported by its parent company, NTR plc, maintains a substantial equity stake and serves as managing member of the project, which is located 80 miles outside Wichita, Kan., in Ellsworth and Lincoln counties. Additional details of the transaction were not disclosed.

In addition to supplying 134 of its 1.5 MW machines, GE is providing operations and maintenance services for the Post Rock wind farm. The project is selling its electricity to Westar Energy under a long-term power purchase agreement.

CCA Capital LLC served as financial adviser to MetLife on this transaction. Neither GE Energy Financial Services nor Union Bank used financial advisers.



Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008