AWCC also announced a minority investment in Grant County Wind, a 20 MW wind project in Minnesota in which AWCC partnered with Olympus Power.
"These milestones represent material advancements for our company," said AWCC’s CEO Charles Hinckley. "This business expansion reflects our broadening interest in investing in renewable projects and renewable-related real estate."
AWCC is funded by the Barclays Natural Resource Investments ("BNRI") division of Barclays Capital, the investment banking division of Barclays Bank PLC and NGP Energy Technology Partners ("NGP ETP"), a leading private equity firm focused on the energy technology sector, and individual investors.
OCES, located in Escondido, California is a wind energy pioneer and industry leading wind energy facility developer. They began as one of the first wind farms to be built in the Tehachapi/Mojave wind pass in California in early 1982 and continue today with the development of world-class projects throughout the United States and Canada. The company has long played an active role in the wind energy industry.
Marubeni is one of the leading Japanese trading firms, founded in 1949, and operates in various industries from textile to exploration of natural resources to energy. Among 13 business divisions in Marubeni’s organization, the Power Projects & Infrastructure Division is one of its core divisions and the investment in overseas independent power generation projects is identified as a Growing Core Business. Marubeni’s Power Projects & Infrastructure Division investments include over 26,000 MW (gross) of Domestic and Overseas Projects, including wind energy projects.