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Wyoming Refinery to Turn into Renewables Facility
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Starwood Energy and Slate Refining Partner to Develop, Construct and Operate Renewable Fuels Facility – Advanced BioFuels USA
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GREENWICH, Conn., June 30, 2021 /PRNewswire/ Starwood Energy Group Global, LLC ( Starwood Energy ), a leading private investment firm focused on energy infrastructure, announced today that it has closed the acquisition of a 252MW portfolio of operating renewable assets from Consolidated Edison Development Inc. The portfolio consists of Coram Wind, a 102MW wind farm located in Tehachapi, CA, and Crane Solar, a 150MW solar project located in Crane, TX, as well as an adjacent 25MW battery development.
Coram Wind and Crane Solar are fully contracted through power purchase agreements with Pacific Gas & Electric and Vistra Corporation, respectively, each with approximately 11 years of remaining contract life.
DURHAM, N.C., June 30, 2021 /PRNewswire/
Leyline Renewable Capital ( Leyline ), a leading provider of debt and equity capital for renewable energy development and construction, and Starwood Energy Group Global ( Starwood Energy ), a private investment firm that specializes in energy infrastructure investments, today announced a newly formed joint venture that will partner with American Power Ventures ( APV ) to develop and finance two standalone battery storage projects. The joint venture provides unique access to development capital, development support, and permanent financing, and is open to finance other developers in the renewables space.
The joint venture is providing APV with capital to develop battery storage projects in the Virginia PJM territory and Texas ERCOT territory with a total capacity of 400 MWac/1400 MWh. These battery storage developments will reinforce the intermittency of renewable energy assets and subsequently improve the reliability of the power grids
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