BlackRock buys stake in 68-Megawatt Texas wind farm

OwnEnergy announced today that it entered into an agreement with a fund managed by BlackRock (“BlackRock”), whereby BlackRock acquired OwnEnergy’s latest project in Windthorst, Texas on December 6, 2013.

Once completed, the wind farm will generate 68 megawatts (MW) of wind power on to the state’s power grid.

Under the agreement, BlackRock will purchase a majority interest in the Windthorst-2 project, Morgan Stanley and its affiliates will provide construction financing and J.P. Morgan will provide institutional equity.