Allco Finance Group (Allco) has announced the completion of
the sale of Tehachapi wind development assets owned by Allco and its
co-investment partners to a consortium comprising Terra-Gen Power (Terra Gen)
and ArcLight Capital Partners, LLC (Arc Light) for US$ 325 million.
The
Tehachapi project sold by Allco and its co-investment partners comprises
approximately 3,100 MWs of planned wind development along with key land control,
critical transmission queue positions and an executed and fully approved 1,550MW
long term power purchase agreement with Southern California Edison. The full
build out of the Tehachapi project will occur over the next 8-10 years.