NewEnergyNews More: INS CO BUYS WIND

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    • Wednesday, September 8, 2010

    INS CO BUYS WIND

    MetLife invests in Pattern Energy Texas wind farm
    September 7, 2010 (AP via Bloomberg BusinessWeek)

    "MetLife Inc. has become an equity partner in a Pattern Energy Group LP wind farm on the Texas Gulf Coast…Pattern said the insurance company invested in its Gulf Wind project in Kenedy County, Texas.

    "Pattern Energy CEO Mike Garland said…MetLife's involvement will allow the partnership to efficiently use tax benefits that come with the wind energy project."

    The Gulf Wind project (click to enlarge)

    "Gulf Wind has 118 wind turbines and generates 283 megawatts of energy, about enough to power 80,000 Texas homes for a year…"

    click to enlarge

    "Garland also said the investment shows his company's ability to find creative yet practical financing in an uncertain market.

    "The investment is on top of more than $1 billion that MetLife has made in renewable energy projects, the insurance company said…"

    posted by Herman K. Trabish @ 7:40 PM

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