in News Departments > New & Noteworthy
print the content item

Greenwich, Conn.-based private equity firm Starwood Energy Group has acquired the 377 MW Stephens Ranch Wind Project from developers Mesa Power and Wind Tex Energy. A purchase price was not disclosed.

Construction for the 200 MW first phase of the project, located in Borden and Lynn Counties, Texas, is expected to begin in September with commercial operation anticipated for August 2014.

Dallas-based Mesa Power, founded by T. Boone Pickens in 2007, is currently developing more than 500 MW of renewable projects across North America. Wind Tex Energy, a Dallas-based privately held developer founded by Steven K. DeWolf in 2002, has developed five Texas projects which comprise more than 6% of the total current Texas wind energy output.

Starwood Energy manages total equity commitments of approximately $1.3 billion. To date, Starwood Energy and its affiliates have committed to energy infrastructure transactions totaling approximately $3.2 billion in enterprise value.


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