South Plains II seeks Texas okay for passive investors in 300-MW wind project

South Plains Wind Energy II LLC applied Feb. 17 with the Public Utility Commission of Texas under the Public Utility Regulatory Act for approval to issue passive equity interests in South Plains II to two entities, MidAmerican Wind Tax Equity Holdings LLC and Citicorp North America Inc.

Applicant and these investors intend to close funding for the issuance of thise passive equity interests by the commercial operation date for a wind project. South Plains II is developing and constructing a 300-MW wind project located in Floyd County, Texas. The project will be interconnected to the Electric Reliability Council of Texas (ERCOT) grid through facilities that will be owned and operated by Sharyland Utilities LP. The project is currently expected to enter into commercial operation on or about June 30, 2016.

South Plains II is a wholly owned subsidiary of Terra Nova Renewable Partners LLC. Terra Nova is owned by SunE Utility Partner 1 LLC (1%) and Novatus Energy LLC (99%). SunE Utility Partner 1 is an indirect, wholly owned subsidiary of SunEdison Inc. Novatus Energy is an indirect, wholly-owned subsidiary of IIF US Holding 2 LP, an infrastructure investment fund.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.