Equal Earth wins Texas wind project

Equal Earth has announced its plans to acquire a 20 MW wind farm located in Lubbock, Texas, a region in West Texas well-suited for wind power, according to the reports from Recharge News.

This acquisition is the latest in a series of Equal Earth acquisitions that influences the company’s expertise in renewable energy project financing.

Company is acting on a wide growth strategy by acquiring revenue-generating projects with low operational costs to generate attractive tax returns as well as ensured future cash flow for investors.

Equal Earth expects that the wind turbines will begin commercial operations before year-end.

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This transaction will complement the existing portfolio of renewable energy assets, expecting to deliver the type of returns investors are seeking, stated, Andrew Duggan, chairman, president, CEO Equal Earth.

This deal can be considered as a long-term win for investors and as part of a series of acquisitions in line with the growth strategy, added Duggan.

The acquisition includes a combination of private equity, tax equity and debt financing and the transaction is subject to customary closing conditions, expected by year-end.

Recently, Equal Earth completed its acquisition of First National Solar, a Hawaii-based solar project origination company, and has significantly grown its portfolio of renewable energy projects.

Sabeena Wahid
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