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Fund manager puts Texas wind project on block

May 12, 2020 - Power, Finance and Risk

An energy infrastructure fund manager is preparing to receive bids in the auction of an operational wind farm in Texas.

The seller, Starwood Energy Group Global, is working with Marathon Capital as financial adviser on the sale process.

The asset is the 376 MW Stephens Ranch Wind Farm in Borden and Lynn counties, which was brought online in two phases in November 2014 and May 2015.

Both phases have 13-year hedges with Citi. The first phase was financed in 2014 with debt from Sa...