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.



Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Renewable NRG_id1934
Navigant_id1983