North American Windpower: Western Wind Completes Acquisition

Western Wind Completes Acquisition

in News Departments > Projects & Contracts

by NAW Staff on Tuesday 25 July 2006

Western Wind Energy has completed the purchase of the Mesa Wind Project outside Palm Springs, Calif., for approximately $13.4 million. The transaction was a complicated merger that included most of the assets of PAMC Management Corp., AltaMesa Energy LLC, Mesa Wind Developers, Enron Wind Systems LLC, Zond-PanAero Windsystem Partners I and II and Mesa Wind Power Corp. The entire asset package will be incorporated by Western Wind Energy as a wholly owned subsidiary.

The Mesa Project has a 22-year continuous operating history with an historical average yearly production of 75 billion watt-hours. The site is currently powered by 460 V-15 Vestas wind turbines. Western Wind expects the output to improve significantly once the company repowers the facility.

Western Wind was joined in the transaction by Pacific Hydro Pty Limited, which provided a short-term loan to Western Wind to facilitate the acquisition.

Latest Top Stories

Study: How Northwest Wind Can Play With Energy Storage And Provide Operational Flexibility

Researchers have identified two possible sites in eastern Washington to build compressed-air energy-storage facilities that could temporarily store the Northwest’s abundant wind resources.

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.