Renewable Energy Trust Capital Inc. (RET Capital) has acquired the 102 MW Coram Wind Project from BAIF U.S. Renewable Power Holdings LLC.
The operating plant is located in Kern County, Calif., and has a long-term power purchase agreement with Pacific Gas & Electric Co.
"RET Capital is pleased to own this large, high-quality asset to anchor its wind portfolio and strategy, and looks forward to growing its business through additional acquisitions of similar wind projects in North America and new markets," says John A. Bohn, CEO and chairman of RET Capital.
With this new acquisition, RET Capital says its total renewable energy portfolio tops 200 MW. The company, which has offices in San Francisco and New York, notes that its lead investor is BlueMountain Capital Management.
