in News Departments > Projects & Contracts
print the content item

San Diego-based BayWa r.e. Wind LLC has secured a tax equity investment for its 19.8 MW Brahms wind project from an affiliate of San Francisco-based Union Bank N.A.

BayWa r.e. self-funded the development and construction of the wind farm, which is located in Curry County, N.M., and achieved commercial operation on Feb. 7. In addition to Brahms, BayWa r.e. says it has constructed, owns and operates two wind projects in Texas and California.

“This is a very important milestone for our company,” notes Florian Zerhusen, CEO of BayWa r.e.’s U.S. wind business. “Since BayWa’s takeover two-and-a-half years ago, we have self-funded all of our projects, and this marks our first tax equity financing. Going forward, we intend to continue to access the tax equity market as well as other forms of project finance to build out our pipeline.”

Morrison & Foerster represented BayWa r.e. Wind LLC in securing the tax equity investment.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

BG 2015DblBox_id2032
Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015