Tuesday, March 21, 2017

Salka To Acquire, Sell Wind Farm in Altamont Pass

San Diego-based renewable energy developer Salka said today that it has reached a purchase and sale agreement for a wind farm in the Altamont Pass, just east of San Francisco. According to Salka, it will "re-power" a former Altamont Pass wind farm, by replacing 569 existing wind turbines with 27, modern turbines. Once it has retrofitted that wind farm, Salka said it will sell the project to private equity investor Castlelake, L.P. The Summit Wind Project will provide 55 megawatts of energy to the Bay Area, or approximately enough energy to power 29,000 homes every year. Salka is led by CEO Jiddu Tapia.

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