Caithness Energy LLC, a New York-based independent power producer, and ArcLight Capital Partners LLC, a Boston-based energy investment firm, have reached an agreement whereby an affiliate of ArcLight will acquire interests in 18 geothermal, wind and solar power generation projects with a total installed capacity of 824 MW.
The wind energy facilities that ArcLight plans to acquire include Cameron Ridge (60 MW), Pacific Crest (47 MW), San Gorgonio (43 MW), Foote Creek II-IV (43 MW), Texas Big Spring (34 MW), Ridgetop (31 MW), Peetz (30 MW), Oak Creek (23 MW), 251 (18 MW), VG Repower (7 MW) and Chandler (2 MW).
The transaction – subject to closing conditions and relevant approvals – is anticipated to close in the third quarter of 2007, Caithness Energy and ArcLight add.
