Generation
Google and Citi have now invested more than $300 million in the multi-phase, 1,550-MW Alta Wind Energy Center project.
Google and Citi financed a second phase of the Alta Wind Energy Center (AWEC) being developed in Tehachapi, Calif., by Terra-Gen Power, an affiliate of ArcLight Capital Partners and Global Infrastructure Partners. The multi-phase AWEC project is expected ultimately to have a generating capacity of 1,550 MW when completed. Citi and Google each invested $102 million in the 168 MW Alta V project, in addition to the $55 million each company invested in the Alta IV project as announced previously, bringing each company’s total investment to $157 million. The companies will now hold leveraged leases for two phases, totaling 270 MW, and Citi has also underwritten the equity financing for Alta Projects II-V, totaling 570 MW.
The Shaw Group completed a 500-MW combined-cycle natural gas-fired plant for NV Energy at the existing Harry Allen Generating Station north of Las Vegas.