ABB_id2059
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.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015