Starwood acquired the Stephens Ranch in August 2013 from Mesa Power - an entity owned by T. Boone Pickens.
A written statement said, “Affiliates of Citi, Morgan Stanley and MUFG have committed to invest tax equity in the project, and affiliates of Starwood Energy Group have committed 100% of the cash equity.”
Construction debt was said to be $207 million. Starwood said in a written statement that completion is scheduled for mid-2015.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.