Terra-Gen Acquires Wind Projects From Airstream

NAW Staff, Monday 09 March 2009 - 11:03:39

Terra-Gen Power LLC, a wholly owned affiliate of ArcLight Capital Partners, has acquired, through an affiliated project company, a portfolio of six wind projects from Airstream Energy LLC. The projects, which are located in Wyoming, Nebraska, Colorado, Kansas and New Mexico, are in various stages of development. When fully constructed, the projects are expected to generate and sell approximately 2,500 MW of wind energy.

"Airstream has established a very strong presence in key geographies with exceptional wind resources," says Jim Pagano, CEO of Terra-Gen. "They have done a commendable job in creating value by securing high-quality project sites, and we look forward to working with Airstream to bring these projects to completion."

In addition, Terra-Gen and Airstream have executed a development services agreement that will retain the continuing services of Airstream for the development of the projects and ensure a seamless transition.

SOURCE: Terra-Gen Power LLC



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