09. Sep 2013

BayWa r.e. Wind, LLC Acquires Broadview Wind Projects

BayWa r.e. Wind, LLC today announced it has entered into a purchase and sale agreement with community-wind developer, National Renewable Solutions, to acquire the development assets for the Broadview Wind Projects in New Mexico.

The two projects with a combined 19.8 megawatt (MW) capacity, comprising 3,600 acres in Curry County, New Mexico south of the City of Grady, will each sell power over the next twenty years to Western Farmers Electric Cooperative. Consisting of twelve 1.65 MW V82 Vestas turbines, the projects will start construction in the fourth quarter of 2013.

The projects will participate in a payment in lieu of taxes (PILOT) program benefitting the City of Grady and public schools in Curry County on a 20 year basis.

“With the expiration of the PTC fast-approaching, BayWa r.e. is pleased to have expanded its pipeline of late-stage acquisitions,” said Florian Zerhusen, CEO of BayWa r.e. Wind, LLC, adding that “we are continuously looking for sustainable projects to complement our pipeline and are in the position to successfully complete late stage projects. We are looking forward to work with the communities of Grady and Curry County.”

Commenting on the deal, National Renewable Solutions President Patrick Pelstring stated, “We are delighted to be working with BayWa r.e.’s strong development team and look forward to seeing the project move quickly into construction.”

In accordance with BayWa r.e.’s custom of naming projects after well-known composers, the project has been named Brahms Wind, LLC after German composer Johannes Brahms.

Contact details

BayWa r.e. Wind, LLC
Suite 1470
4365 Executive Drive
San Diego, CA 92121

Phone: + 1 858 450 6800
Fax: +1 858 450 6801
Email: info@baywa-re.us