New investors join Palouse and Route 66 wind projects

J.P. Morgan Asset Management and First Wind have announced transfer of majority ownership in Palouse and Route 66 Wind Projects.

It has emerged 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 105 MW Palouse Wind project in Washington (achieved commercial operations in December 2012) and the Route 66 Wind project in Texas.

Route 66 is a 150 MW wind project under construction in Armstrong and Carson Counties near Amarillo, Texas. Once complete, the project will be comprised of 75 Vestas V110 turbines with a capacity of 2 MW each.

First Wind will operate and manage both projects as the company continues to expand its third-party operations group.