Lotus to Acquire 250 MW Wind Project in OhioOctober 21, 2014 in Press Releases
GREENWICH, CT- October 21,2014–Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that an affiliate has completed agreements to acquire the 250 megawatt (MW)Northwest Ohio Wind Project in Van Wert and Paulding Counties, OH.
Starwood Energy Group’s investment affiliate acquired the project from Trishe Resources, Inc. Financial terms of the transaction were not disclosed. Construction on the project began in December 2013. The first phase, sized at 100 MW, is expected to achieve commercial operations by late 2015.
“We look forward to working together with the local communities to make this project a success ,” said Himanshu Saxena, Managing Director of Starwood Energy Group. “We are committed to developing such energy infrastructure projects,which will provide clean and competitively priced power for many years to come.”
Starwood Energy Group earlier this year announced its first two wind farm investments two phases totaling 377 MW for the Stephens Ranch project, located 45 miles south of Lubbock, TX. An affiliate of Starwood Energy Group committed 100% of the cash equity for the project, with the two phases scheduled to be completed by mid 2015.
About Starwood Energy Group
Starwood Energy Group, an affiliate of global private investment firm Starwood Capital Group, specializes in energy infrastructure investments, with a focus on the natural gas and renewable power generation, and transmission sectors. 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 $2 billion, and has executed transactions totaling more than $4 billion in enterprise value. By leveraging its extensive operations, development, construction, acquisition and financing expertise, the team is well positioned to capitalize on opportunities emerging in this rapidly evolving industry. Additional information can be found at swenergy.ua.verbinteractive.com
Tom Johnson or Patrick Tucker