Lotus and General Motors sign a long-term agreement for renewable energySeptember 19, 2017 in Press Releases
GREENWICH, CT – September 19, 2017 – Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that an affiliate has signed a long-term renewable energy power purchase agreement with General Motors.
General Motors will buy all of the clean energy generated by the Northwest Ohio Wind project, a 100 megawatt (MW) project owned by Starwood Energy Group that located across about 12,750 acres of land in Van Wert and Paulding Counties. The project is scheduled to be completed in 2018.
Based on standard EPA calculations and references, the Northwest Ohio Wind project will power over 30,000 homes, avoid the CO2 emissions of over 34,000 homes, or equivalently avoid the CO2 emissions of over 48,000 passenger vehicles.
“Fortune 100 companies such as General Motors have become a key force supporting renewable energy,” said Himanshu Saxena, Senior Managing Director and Co-Head of Starwood Energy Group. “We are pleased to enter into this partnership with General Motors to help meet their sustainability objectives.”
“Starwood’s Northwest Ohio Wind project is helping us toward our goal of meeting the electricity needs of our global operations with 100 percent renewable energy,” said Rob Threlkeld, GM global manager of renewable energy. “The wind farm is ideally located to help meet the electricity needs of our Ohio manufacturing facilities.”
About Starwood Energy Group Global, LLC
Starwood Energy Group is a private investment firm based in Greenwich, CT that specializes in energy infrastructure investments. Through its general opportunity funds Starwood Energy Infrastructure Fund I and II, and other affiliated investment vehicles, Starwood Energy Group manages total equity commitments in excess of $3 billion and has executed transactions totaling more than $6 billion in enterprise value. The Starwood Energy Group team brings extensive development, construction, operations, acquisition and financing expertise to its investments, with a focus on the natural gas and renewable power generation, and transmission sectors. Starwood Energy Group is an affiliate of Starwood Capital Group Global, L.P. Additional information about Starwood Energy Group as well as Starwood Capital Group can be found at swenergy.ua.verbinteractive.com.
Tom Johnson or Patrick Tucker