subject: Aarkstore Enterprise - Ge Energy Completes Tax Equity Financing In Idaho Wind Farm Portfolio [print this page] Aarkstore announce a new report "GE Energy Completes Tax Equity Financing in Idaho Wind Farm Portfolio : The Resurgence of Tax Equity Investments Deal Analysis " through its vast collection of market research report.
Summary
GE Energy Financial Services, Inc., a subsidiary of General Electric Company, completed tax equity financing of $500m for the acquisition of majority equity interest in a wind farm portfolio from Exergy Development Group, LLC, a renewable energy company. The portfolio includes 11 wind farm projects located on farmland clustered near Hagerman and Burley in Idaho in the US. The total installed capacity of the portfolio is 183 MW, comprising 122 wind turbines of 1.5 MW each. GE Energy will hold the majority stake and Exergy Development will hold the minority stake in the portfolio. Idaho, with its undeveloped wind energy potential, is an attractive destination for wind farm developers. Furthermore, the wind portfolio is expected to be eligible for government grants which increase the viability of the project. When the wind farms become operational by the end of 2010, Exergy is expected to become one of the states market leaders.
Scope
The information related to the acquisition of the wind farm portfolio by GE Energy Financial Services from Exergy.
A brief on company, GE Energy Financial Services and Exergy.
Comparison of similar equity investments in wind energy sector and comparison of tax equity investment from 2007 to 2009
The rationale behind the acquisition.
This includes:
-The attractiveness of Idaho wind power market-The policies supporting the growth of wind industry in Idaho.
The market share in the Idaho wind power market at the end of 2009 and expected market share at the end of 2010.
Reasons to buy
Understand the drivers which encouraged GE Energy Financial Services to invest in the wind farm portfolio
Understand the market dynamics with the latest development in wind farm sector in Utah.
