ABB_id2059
in News Departments > New & Noteworthy
print the content item

BayWa r.e. Wind has sold an equity stake in the 19.8 MW Brahms wind project to an affiliate of the Macquarie Group. Financial details were not disclosed.

The Brahms deal marks the first wind generation investment for Macquarie Infrastructure Co. BayWa informs that it will continue its role as Brahms' asset manager.

According to BayWa, the balance-sheet-funded project, located in Curry County, N.M., was placed in service last February. Additionally, the company closed a tax equity investment with an affiliate of Union Bank last month.

BayWa r.e. Wind LLC acquired the development rights in July 2013 and quickly moved forward to complete the project.

"This transaction completes the full lifecycle of the project and confirms the successful execution of the new business plan set out since the company's takeover by BayWa r.e. only two-and-a-half years ago," says Florian Zerhusen, CEO.  "Our business plan is to acquire development assets, self-fund construction, secure tax equity investment and then sell the sponsor interests in the projects at or after commercial operation. Using this model, we sell turnkey, fully structured projects to strategic and financial investors."

BayWa says Brahms represents the third completed project since parent company BayWa AG entered the U.S. market in 2011. The fourth project is expected to be completed later this year, the developer notes.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015