Firm acquires Paulding Co. windfarm


First Posted: 10/31/2014

PAULDING — Wind turbines may soon dot the landscape in Paulding County.

A global private investment firm bought the Northwest Ohio Wind Project, located in Blue Creek and Latty townships, in October.

Starwood Energy Group Global LLC, of Greenwich, Connecticut, announced in a release that one of its affiliates completed agreements to acquire the 250 megawatt wind farm project, according to a release from the firm.

The project, previously begun in December by its former owner, was never completed, though the new owner has plans to have the first 100 megawatt phase completed by late 2015.

Construction originally began on Dec. 17 after the project, previously owned by National Wind, got approval from the Ohio Power Siting Board the day before.

It was approved as a 100 megawatt wind farm with up to 59 wind turbines on 21,000 acres.

“We look forward to working together with the local communities to make this project a success,” said Himanshu Saxena, managing director of Starwood Energy Group, in a statement. “We are committed to developing such energy infrastructure projects, which will provide clean and competitively priced power for many years to come.”

The firm is focused on energy infrastructure and bought the project from Trishe Resources Inc. Financial terms of the transaction were not shared.

The firm has also invested in a wind farm in Texas.