United States

United States

Spinnaker aquires 707MW Martifer renewables assets

UNITED STATES: California-based developer Spinnaker Energy has acquired 707MW of wind and solar developments from Martifer Renewable Electricity.

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Spinnaker has paid an undisclosed sum for the assets, which include 600MW of wind farms in south Texas and a 106.8MW hybrid solar thermal and biomass energy project in California.

The projects were developed as part of a joint venture between Martifer Group, Spinnaker and Clean Energy Ventures.

The first 172MW of the Texan wind farms are expected to begin operating in 2012.

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