Allegiance Capital, an international investment banking firm serving privately held middle-market companies, has facilitated agreements between Energos and developers of two West Texas wind projects.
Madrid, Spain-based Energos will provide greenfield development capital and development services to Caprock Wind and Peak Wind LLC for projects slated to deliver approximately 200 MW of power each. Allegiance Capital will provide ongoing oversight services for both projects. Terms of the private transactions have not been disclosed.
‘We understand that a long-term perspective must be taken on these projects, given the current lack of transmission lines, but we also believe that with the area's excellent wind resources and Texas' leadership role in transmission development, these projects are excellent long-term investments for our company,’ says Antonio Garcia Alcalde, chief operating officer of Energos.
Development has begun on the Arranz Wind Caprock I and the Arranz Wind Tuxedo I projects, and the plants are expected to be in production by 2014.
SOURCE: Allegiance Capital Corp.