in News Departments > FYI
print the content item

Allco Finance Group (AFG) and a consortium comprising the U.S.-based ArcLight Capital Partners and Terra-Gen Power have agreed to the sale and purchase of U.S. wind energy interests for a total sale price of $325 million. The interests being sold comprise a 3,100 MW wind development project in Tehachapi, Calif.

"In Tehachapi, we have benefited greatly from our relationship with our development partner, Oak Creek Energy Systems, a subsidiary of Japanese Marubeni Corp., who has played a pivotal role in the development of the project to date," says Steen Stavnsbo, Allco's head of wind energy.

The Tehachapi wind development project is supported by a 1,550 MW power purchase agreement with Southern California Edison that was negotiated and announced by Allco in December 2006.

SOURCE: Allco Finance Group



Advertisement

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015