American Wind Capital Company (AWCC), an investor in wind royalties, renewable energy project real estate, and renewable energy projects, has acquired ON Wind Energy, LLC and several additional turbines (9MW in total), in Tehachapi, California., from Oak Creek Energy Systems, Inc. (OCES), a California based developer that is majority owned by Marubeni Corporation.
The transaction included a significant wind royalty cash flow. This is the second transaction between the parties; a previous deal was closed in 2010.
AWCC also announced a minority investment in Grant County Wind, a 20MW project in Minnesota in which AWCC partnered with Olympus Power.
"These milestones represent material advancements for our company," says AWCC’s CEO Charles Hinckley. "This business expansion reflects our broadening interest in investing in renewable projects and renewable-related real estate."
