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

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965