Green St. Energy, formerly known as M-Wave, has completed the acquisition of 160 acres of land in Tehachapi, Calif., which the company says is a prolific area for the production of energy from wind.
Green St. has also entered into an agreement giving it the right to acquire an additional 4,840 acres in the area. There are approximately 10,000 wind turbines in the Tehachapi valley area – one of the highest concentrations of wind power generators in the US. According a report issued by 3TIER, the estimated power capacity factor at the location is 40%. This rating is considered excellent by industry standards.
‘We are excited to acquire the first property in such a highly desirable area for wind to energy projects,’ says Tony Cataldo, M-Wave's chairman and CEO. ‘We plan on moving aggressively to obtain the necessary permits to allow energy production on the farm.
‘Due to the favorable legislative environment, existing infrastructure including transmission lines and strong interest from construction and development partners, we are optimistic that we will be able to begin energy production quickly relative to properties located in other areas of the country,’ he continues. ‘We are also actively focused on completing the acquisition of the balance of the acreage from this owner.’
SOURCE: Green St. Energy