Renewable Energy Trust (RET) Capital has acquired Coram Wind Project in Kern County, California. The 102-megawatt project was owned by BAIF US Renewable Power Holdings.
The wind farm has a long-term power purchase agreement with Pacific Gas and Electric Company.
ALSO READ: RET Capital closes financing of four solar projects
According to a statement, RET Capital was also looking to acquire more wind energy projects in North America and new markets.
The acquisition of Coram wind farm takes the total renewable energy portfolio of RET Capital to 200 megawatts.
Last month, RET Capital announced the close of 66 million Canadian dollar non-recourse debt to support the acquisition of the CityLights solar facility from Canadian Solar in Ontario, Canada.
ALSO READ: Canadian Solar completes the sale of two solar plants to RET Ontario
In April, the company had agreed to acquire the CityLights solar farm in Chesterville, Ontario, from Canadian Solar. It was the third such deal between RET Capital and Canadian Solar.
RET Capital had earlier closed a non-recourse term loan, fixed rate notes and letter of credit facility with Norddeutsche Landesbank Girozentrale in Hannover and Babson Capital Management in connection with the acquisition of the 12.6-megawatt DC DiscoveryLight and 14.2 MW DC FotoLight projects.
Ajith Kumar S
editor@greentechlead.com