In September 2022, Radial Power was formed as a joint venture between Starwood Energy Group and energyRe. Radial Power will seek to deliver portfolio-wide distributed clean energy solutions to large real estate and C&I asset owners, delivering cost savings and thereby helping to facilitate North America’s energy transition
In August 2022, Starwood Energy and TS Conductor formed a $100 million joint venture, namely, Gridline Finance InvestCo, LLC. The joint venture will allow an innovative method for financing grid modernization, including reconductoring existing lines and building new lines, to accelerate the energy transition and integrate more renewable generation
In March 2022, Starwood Energy Group acquired a 50% stake in Innergex Renewable Energy’s Shannon Wind facility for an undisclosed amount. Shannon Wind facility consists of a portfolio of wind facilities focused on energy production from a renewable source
In September 2021, BerQ RNG, a developer of renewable natural gas projects was acquired by Starwood Energy Group through an LBO, for an undisclosed sum
In June 2021, Starwood Energy Group acquired portfolio of renewable assets from Con Edison Development for an undisclosed amount. The transaction was supported by $68.4 million debt financing in the form of loan from CIT Group. The portfolio consists of a 150MW solar plant and an adjacent 25MW battery storage facility
In December 2020, Starwood Energy Group acquired a 150MW wind farm in Lincoln County, Colorado, through an LBO, for an undisclosed sum
In July 2019, Starwood Energy Group acquired a portfolio of 2 contracted power plants, Garrison Energy Center & RockGen Energy Center from Calpine Corporation through a $360 million LBO. The portfolio consists of dual-fuel power plants with a capacity of 325MW and 503MW that are located in the Eastern Mid-Atlantic and the midcontinent independent system operator (MISO) regions
In November 2018, Starwood Energy Group acquired a 545MW, periodic-start, combustion-turbine generation station through a $144 million LBO. The West Lorain Power Plant is located across 500 acres in Lorain, Ohio and contains seven combustion turbines, two heat-recovery steam generators and a steam turbine generator
