Alternative Energy Projects Heat Up at Aequitas Capital Management.PORTLAND Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. , Ore. -- Portland-based alternative investment firm Aequitas In Roman mythology, Aequitas, also known as Aecetia, was the goddess of fair trade and honest merchants. Like Abundantia, she is depicted with a cornucopia, representing wealth from commerce. She is also shown holding a balance, representing equity and fairness. Capital Management, Inc. completed a four-month wind energy project transaction with Edom Hill, a 21-year-old California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). wind farm by acquiring the rights of the company, employing a repowering plan and selling the company to an investor. In August 2006, Aequitas Capital signed a detailed Term Sheet to acquire the Edom Hills wind farm outside of Palm Springs, Calif., including all of the project's real property rights, its power sales agreement, and all of its existing wind turbines, electric interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. and substation facilities. By developing a repowering plan whereby the wind farm's existing 140 smaller turbines would be replaced with eight new 2.5 MW wind turbines, Aequitas Capital effectively doubled the project's generating capacity to 20MW. The project rights and the repowering plan were then sold by Aequitas Capital to a strategic investor in December December: see month. 2006, although Aequitas retains the right to refurbish re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur and sell a portion of the replaced turbines. "This unique wind energy project transaction demonstrates Aequitas' ability to structure complex project finance deals," says Andy MacRitchie, Executive Vice President of Aequitas Capital. "Our funds provide a perfect funding vehicle to make development stage capital investments into our clients' alternative energy projects." With the recent extension of the Federal Protection Tax Credit for Alternative Energy Products through 2008, Tom Sidley Sid·ley , Mount A mountain, 4,183.7 m (13,717 ft) high, of Marie Byrd Land in Antarctica. It was discovered by Robert E. Byrd in 1934. , senior managing director of energy at Aequitas Capital, is enthusiastic about Aequitas' future energy projects. "The future looks bright for the Aequitas Capital energy team," said Sidley. "The extension has energized the market for 2007, including several hydroelectric, wind, biodiesel and biomass projects for Aequitas." About Aequitas Capital Management Established in 1993, Aequitas Capital is an innovative investment firm providing private equity and commercial finance products to the middle market, healthcare and energy sectors. Our value proposition for our clients is in our hands-on approach to advising, structuring and investing. For more information, visit www.aequitascapital.com or call (503) 419-3500. |
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