Sault Ste. Marie, ON, Canada
Berlin, NH, United States
Gainesville, FL, United States
Fresno, CA, United States
Denver, CO, United States
Ashley, OH 43003, USA
Vernon, CA, United States
Horse Creek Wind, LLC, Haskell County, TX, United States
Swedesboro, NJ 08085, USA
Carneys Point, NJ 08069, USA
Morgantown, WV 26505, USA
Osceola, AR 72370, USA
Coram Wind and Crane Solar are located in Kern County, CA and Crane County, TX respectively. Coram is a 102MW wind project that sells capacity, energy and renewable energy credits to Pacific Gas and Electric under a power purchase agreement (“PPA”) through 2032. Crane is a 150MW AC solar project that sells energy and renewable energy credits to a subsidiary of Vistra Corporation under a PPA through 2032. Starwood Energy acquired the projects from Con Edison Development in 2021.
Shannon Wind is a 204MW wind project located in Clay County, Texas. Starwood Energy and Alterra Power Corp. own the sponsor interests in the project through a 50/50 joint venture partnership.
Construction financing for the project closed in June 2015 and it was completed in December 2015 on-time and under-budget.
The project benefits from 13-year offtake agreements and tax equity financing, which was used to repay construction debt at commercial operation. The project also entered into a 13-year Renewable Energy Credit purchase agreement with Facebook, Inc.
Stephens Ranch is a 376MW, two-phase wind project located 45 miles south of Lubbock, Texas.
Starwood Energy began construction on the projects in December 2013 through separate project financings for each phase. The 211MW Phase I project was completed in November 2014 and the 165MW Phase II project was completed in May 2015.
Both phases benefit from 13-year offtake agreements with Citigroup and tax equity financing, which was used to repay construction debt at commercial operation. Construction of each phase was completed on-time and under-budget.
Horse Creek and Electra Wind are two 230MW wind farms located in Haskell and Wilbarger Counties, Texas. Each project consists of 100 GE 2.3-116 wind turbines. The projects benefit from 13-year offtake agreements with Bank of America Merrill Lynch and long-term fixed-price service agreements from GE.
Horse Creek and Electra closed construction debt and tax equity financing commitments in late 2015 and early 2016, respectively, and achieved commercial operation in late 2016. Starwood Energy sold its interests in the projects to MEAG, the investment arm of MunichRE, and Skyline Renewables in separate transactions in 2017 and 2018, respectively.