Starwood secures financing for 100-MW Ohio wind project

Starwood Energy announced it has finalized agreements to fund and build 100 MW Northwest Ohio Wind Project. An affiliate of Citigroup has agreed to offer tax equity for the project, and Rabobank has committed to provide construction and term debt for the scheme.

Situated in Paulding county, Ohio, the Northwest Ohio wind park is scheduled for commissioning next autumn. Construction works will be managed by Indiana-based White Construction Inc.

The wind park facility will feature GE 2.5-116 turbines and the output will be sold under a long-term power purchase agreement (PPA) with General Motors. It is expected that the power generated from the wind farm will be enough to supply around 30,000 homes while offsetting 34,000 tonnes of CO2 emissions.

Starwood Energy Group purchased the rights to the Northwest Ohio project in October 2014 from developer Trishe Resources Inc.

Starwood Energy Group Principal, Alex Daberko said:

"We are excited to have assembled a great team of trusted partners for Northwest Ohio Wind. We look forward to continued collaboration with the local community to make this project successful."

Rabobank project finance group managing director, Tony Muoser said:

"Rabobank is proud of our ongoing relationship with the Starwood Energy team. We are excited to partner with Starwood again and contribute to the successful completion of this project."