ABB_id2059
in News Departments > Projects & Contracts
print the content item

Western Wind Energy has completed the purchase of the Mesa Wind Project outside Palm Springs, Calif., for approximately $13.4 million. The transaction was a complicated merger that included most of the assets of PAMC Management Corp., AltaMesa Energy LLC, Mesa Wind Developers, Enron Wind Systems LLC, Zond-PanAero Windsystem Partners I and II and Mesa Wind Power Corp. The entire asset package will be incorporated by Western Wind Energy as a wholly owned subsidiary.

The Mesa Project has a 22-year continuous operating history with an historical average yearly production of 75 billion watt-hours. The site is currently powered by 460 V-15 Vestas wind turbines. Western Wind expects the output to improve significantly once the company repowers the facility.

Western Wind was joined in the transaction by Pacific Hydro Pty Limited, which provided a short-term loan to Western Wind to facilitate the acquisition.


Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015