A new partnership is plowing $460 million into two wind farms near Evanston, Wyoming, and that may be just the beginning of the company’s buying spree.
TIAA-CREF and Alaska-based Cook Inlet Region, Inc., have joined Edison Mission Energy to form a new company called Capistrano Wind Partners, LLC to take over Mountain I and Mountain II wind developments.
Edison Mission Energy is a subsidiary of Edison Mission Group, which currently owns the farms.
The new partnership could be a big player in the West’s wind industry as it may buy up to seven farms, including the 80-megawatt Broken Bow and 42-megawatt Crofton Bluffs projects under construction in Nebraska.
Capistrano is also purchasing the 150-turbine Cedro Hill wind farm in Texas.
TIAA-CREF is a fund manager for teachers and other nonprofit workers.