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Investor Buys Tehachapi Wind Farm

A San Francisco financier in alternative energy has acquired a Tehachapi wind farm which has a power purchase agreement with Pacific Gas & Electric Co. Terms of the deal between Renewable Energy Trust Capital Inc. and BAIF U.S. Renewable Power Holdings LLC, in Bermuda, on the Coram Wind Project in the Antelope Valley were not disclosed. Renewable Energy Trust owns other alternative energy projects in California, Georgia and Canada. The addition of the Coram Wind Project brings its portfolio to 200 megawatts of energy. “RET Capital is pleased to own this large, high-quality asset to anchor its wind portfolio and strategy, and looks forward to growing its business through additional acquisitions of similar wind projects in North America and new markets,” Chief Executive John A. Bohn said in a prepared statement. The Coram wind farm is capable of generating 102 megawatts of power and was built in 2012 under original developer Coram Energy Group in Mojave. Coram Energy sold the project the year it was finished to affiliates of Brookfield Renewable Energy Partners LP, a trust owned by Brookfield Asset Management Inc. in Toronto, Canada. RET Capital’s lead investor is private investment firm BlueMountain Capital Management in New York, with over $20 billion in assets under management.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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