Summit Wind, how's Castelake's first repowering investment going?
Updated: Mar 16, 2022
Castlelake, L.P. is a global alternative investment manager focused on investments in real assets, specialty finance and aviation. Founded in 2005, Castlelake manages approximately $21 billion of assets on behalf of its investors. The Castlelake team comprises more than 200 experienced professionals, including 89 investment professionals, across six offices in North America, Europe and Asia. For more information, please visit www.castlelake.com.
Summit Wind is currently Castlelake's only principal wind investment. This transaction was manged by Castlelake's Real Asset Investing Team
The project was actually completed with 23 modern turbines. The project is expected to generate more than 60 percent of its power during peak hours for Bay Area consumers. Summit Wind has a PPA agreement with East Bay Community Energy for all power generated during the next 20 years. Average Capacity Factor after 6 months: 30%