With completion scheduled for late 2014, the Stephens Ranch project, which represents the first of two phases that will total 377 MW, will use GE1.7-100 turbines and be built by Wanzek Construction.
GE Energy Financial Services, Banco Santander and Citi affiliates have committed to invest tax equity in the project, while Starwood Energy Group affiliates have committed 100% of the cash equity.
Totaling around $265m, Santander Bank and Citi are also providing a non-recourse construction debt facility for the project.
Starwood Energy Group managing director Himanshu Saxena said the company is looking forward to work with local communities to make the project a success.
"For our first wind investment, we are pleased to have assembled a strong team of very experienced lenders, tax equity investors and contractors," Saxena added.
