Starwood Energy acquires Texas wind farm

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Starwood Energy acquires Texas wind farm

Starwood Energy has announced the acquisition of the 377 MW Stephens Ranch Wind Project, located in Borden and Lynn Counties, Texas, from its joint developers, Wind Tex Energy and Mesa Power. The first phase of the Project, sized at 200 megawatts, is expected to begin construction in September 2013 and to achieve commercial operations by August 2014.

J.P. Morgan Securities LLC is acting as exclusive financial advisor to Mesa Power.

Starwood Energy is a private equity investment firm based in Greenwich (CT) that specializes in energy infrastructure investments. Starwood Energy manages $1.3 billion in equity commitments through its fund, Starwood Energy Infrastructure Fund, LP (SEIF) and other affiliated investment vehicles.

Starwood Energy is an affiliate of Starwood Capital Group Global, L.P.,  an U.S.-based investment firm with a core focus on global real estate with $26.3 billion of assets under management.Mesa Power Group is a privately held company that develops and finances wind and other renewable energy power projects. It is currently developing over 500 MW of projects across North America.Dallas-based Wind Tex Energy is a privately held independent wind power development company that has developed five Texas Projects currently in operation, together comprising more than 6% of the total current Texas wind energy output.Source: Starwood Energy

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