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Wind Capital looks to sell remaining Midwest wind farms

St. Louis-based wind farm developer Wind Capital Group LLC is looking to sell its remaining wind farms as its Ireland-based parent shifts focus to Europe.

St. Louis-based wind farm developer Wind Capital Group LLC is looking to sell its remaining wind farms as its Ireland-based parent shifts focus to Europe.

NTR PLC, which owns Wind Capital, announced this week that it had tapped Chicago-based Marathon Capital LLC to find a buyer for its two Midwest wind farms: the 150-megawatt Lost Creek wind farm in northwestern Missouri and the 210-megawatt Post Rock farm in Kansas.

Wind Capital, in a statement, said it had already been winding down its development activities. NTR and Wind Capital both said in statements that they would not comment further on the sale.

“The market for selling U.S. operational wind projects is very favorable and the profile and quality of the two wind projects should be attractive to a wide range of potential purchasers,” NTR Chief Executive Rosheen McGuckian said in a statement.

If the assets attract bids Wind Capital likes, the company said, it expects a sale to close in the first half of 2015.

In April, Wind Capital sold a 150-megawatt Oklahoma wind farm to TradeWind Energy LLC for $60 million.

Wind Capital was founded in 2005 by Tom... more [truncated due to possible copyright]  

 

St. Louis-based wind farm developer Wind Capital Group LLC is looking to sell its remaining wind farms as its Ireland-based parent shifts focus to Europe.

NTR PLC, which owns Wind Capital, announced this week that it had tapped Chicago-based Marathon Capital LLC to find a buyer for its two Midwest wind farms: the 150-megawatt Lost Creek wind farm in northwestern Missouri and the 210-megawatt Post Rock farm in Kansas.

Wind Capital, in a statement, said it had already been winding down its development activities. NTR and Wind Capital both said in statements that they would not comment further on the sale.

“The market for selling U.S. operational wind projects is very favorable and the profile and quality of the two wind projects should be attractive to a wide range of potential purchasers,” NTR Chief Executive Rosheen McGuckian said in a statement.

If the assets attract bids Wind Capital likes, the company said, it expects a sale to close in the first half of 2015.

In April, Wind Capital sold a 150-megawatt Oklahoma wind farm to TradeWind Energy LLC for $60 million.

Wind Capital was founded in 2005 by Tom Carnahan, part of a Missouri political dynasty that has had family members in the governor’s mansion, the U.S. Senate and the U.S. House. Wind Capital developed Missouri’s first wind farms, and Carnahan eventually sold his remaining stake to NTR in 2012.

The Irish Examiner reported that NTR plans 150 million megawatts of wind farms in Europe and that major shareholders had called for the sale of its U.S. assets held by Wind Capital Group.


Source: http://www.stltoday.com/bus...

NOV 15 2014
http://www.windaction.org/posts/41638-wind-capital-looks-to-sell-remaining-midwest-wind-farms
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