RET Capital’s Coram Wind Project in Kern County, California, benefits from long-term contracted revenues through a power purchase agreement with Pacific Gas & Electric Company to provide clean, reliable and affordable electricity to the utility and its customer. With a capacity of 102 megawatts, Coram produces more than 285,900 MWh of clean wind energy a year. RET Capital acquired the project in 2015, closing a favorable refinancing using bank/bond hybrid debt. MUFG was the Coordinating Lead Arranger, Bookrunner and Administrative Agent for the credit facilities, which were syndicated to Associated Bank, DZ Bank, and Zions Bank.
Coram Wind Project
Tehachapi, CA, United States
|Est. Annual Production||285,900 MWh|
|System Size||102 MW|
|Seller||BAIF U.S. Renewable Power Holdings LLC|