NewEnergyNews More: VC MONEY INTO COMMUNITY WIND

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    • Wednesday, December 11, 2013

    VC MONEY INTO COMMUNITY WIND

    BlackRock purchases majority interest in OwnEnergy’s new 68MW Texas Wind Farm

    December 9, 2013 (OwnEnergy)

    "…[OwnEnergy] entered into an agreement with a fund managed by BlackRock whereby BlackRock acquired OwnEnergy’s [68 megawatt (MW) Windthorst, Texas, project]…BlackRock will purchase a majority interest in the Windthorst-2 project, Morgan Stanley and its affiliates will provide construction financing and J.P. Morgan will provide institutional equity. OwnEnergy will maintain a minority ownership interest in Windthorst-2, manage its construction, and oversee operations…Construction is scheduled to begin in December 2013, with commercial operations expected in fall 2014…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 5:49 AM

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