Irish renewables investment group NTR says that its U.S. wind company, Wind Capital Group LLC, has sold the 150 MW Osage wind project to Kansas-based TradeWind Energy Inc.
Located in Oklahoma, the Osage project began construction last fall and will start commercial operations in 2015. The project has a long-term power purchase agreement with Associated Electric, a Missouri-based electric cooperative.
NTR says the $60 million transaction marks the successful transition of Wind Capital Group from a company predominantly focused on project development to a wind investment and operations company. Wind Capital Group continues to manage over 350 MW of operating wind projects, NTR adds.
"We are very pleased to have obtained a very satisfactory value for the Osage project through its sale to a strategic party such as TradeWind," comments NTR CEO Rosheen McGuckian. "TradeWind are active participants in the Midwest and saw the value of a quality wind project which is in an advanced stage of development."