COSO Geothermal Field


ArcLight Capital has invested an undisclosed amount in Caithness Energy, LLC in exchange for interest in 18 different renewable energy projects in the geothermal, wind, and solar thermal areas totally more than 800MW. In addition to securing an interest, ArcLight will assume operations and maintenance responsibilities for 10 of the 18 projects. Caithness benefits from this transaction by attracting capital to help complete their 350MW Long Island project. Subject to regulatory approval, the anticipated close of the deal should occur in the 3rd quarter of 2007.

The specific projects included in the deal are:

• Geothermal: Coso (240 MW), Dixie Valley (66 MW) and Beowawe (18 MW)
• Wind: Cameron Ridge (60 MW), Pacific Crest (47 MW), San Gorgonio (43 MW), Foote Creek II-IV (43 MW), Texas Big Spring (34 MW), Ridgetop (31 MW), Peetz (30 MW), Oak Creek (23 MW), 251 (18 MW), VG Repower (7 MW), and Chandler (2 MW)
• Solar: SEGS VIII (80 MW), SEGS IX (80 MW)

The full press release is available from the ArcLight Capital website.

This entry was posted on Friday, August 3rd, 2007 at 6:47 am and is filed under Business, Geothermal, Solar, Wind.