J.P. Morgan Asset Management and First Wind announced today that institutional investors advised by J.P. Morgan Asset Management have made a majority investment in two of First Wind’s projects.
The investments include the Palouse Wind project in Washington and the Route 66 Wind project in Texas, which is currently under construction. First Wind will operate and manage both projects as the company continues to expand its third-party operations group. The Palouse Wind project features 58 Vestas V100-1.8MW turbines and the project achieved commercial operations in December 2012. Route 66 is a 150MW wind project under construction and is slated to be completed in 2015. Once complete, the project will be comprised of 75 Vestas V110 turbines with a capacity of 2MW each.
