Starwood Energy Group Closes Sale Of Minority Interest In Two Texas Wind Farms
Starwood Energy Group Global, LLC announced that it has sold 49% of its interests in the Horse Creek and Electra wind farms to Munich Re Group, advised by its group-internal asset manager MEAG.
Horse Creek and Electra, located in Haskell and Wilbarger Counties, Texas, are identical 230MW wind projects that were constructed by Starwood Energy and began operations in late 2016.
“We are excited to be partnering with an organization with MEAG’s reputation and capabilities. We look forward to the continued success of the Horse Creek and Electra projects, as well as the growth of our relationship with the MEAG team,” said Himanshu Saxena, Senior Managing Director and Co-Head of Starwood Energy Group.
“The investment makes an attractive and sustainable contribution to the continued geographical diversification and expansion of our US infrastructure portfolio. Around 200,000 US households are provided with renewable electricity from these wind farms. We are now looking forward to working with our new partner Starwood,” says MEAG Managing Director Holger Kerzel.
Image Source: Starwood Energy