GREENWICH, Conn., Jan. 7, 2020 /PRNewswire/ -- An investment
affiliate of Starwood Energy Group Global, LLC ("Starwood") and
Energy Management, Inc. ("EMI"), announced today that it closed on
the sale of Lakehurst Solar ("Lakehurst") to Consolidated Edison
Development, Inc. ("Con Edison Development"), a subsidiary of
Consolidated Edison, Inc. (NYSE: ED).
Lakehurst is an approximately 14.4 MWDC solar project
currently under construction at Joint Base McGuire-Dix-Lakehurst
("JB MDL"), a mission-critical, tri-service military base in
central New Jersey. The solar project was developed by an
affiliate of Starwood, of Greenwich,
CT, and an affiliate of EMI, of Boston, MA. The project was developed
pursuant to the Air Force's Enhanced Use Lease program, an effort
by the military to partner with private developers to achieve real
asset optimization and long-term energy security.
About Starwood Energy Group
Starwood Energy Group is a private investment firm based in
Greenwich, CT that specializes in
energy infrastructure investments. Through its general opportunity
funds and other affiliated investment vehicles, Starwood Energy
Group has raised equity commitments in excess of $3 billion and has executed transactions totaling
more than $7 billion in enterprise
value. The Starwood Energy Group team brings extensive development,
construction, operations, acquisition and financing expertise to
its investments, with a focus on the natural gas and renewable
power generation, and transmission sectors. Starwood Energy Group
is an affiliate of Starwood Capital Group Global, L.P. Additional
information about Starwood Energy Group as well as Starwood Capital
Group can be found at www.starwoodenergygroup.com
About Energy Management, Inc.
Energy Management, Inc. ("EMI") is an independent power
development company based in Boston,
MA. EMI has a more than 40-year track record of developing,
financing, constructing and operating independent power generation
facilities including combined-cycle natural gas, solar
photovoltaic, and biomass power projects throughout the United States. EMI is also a leading
developer of battery storage projects, including developing and
operating the first front-of-the-meter battery storage project in
New England to participate in all of the ISO-NE energy, capacity,
and ancillary services markets. Additional information about EMI
can be found at www.emienergy.com.
Media Contacts
Tom Johnson/Dan Scorpio
Abernathy McGregor
(212) 371-5999
TBJ@abmac.com / DPS@abmac.com
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SOURCE Starwood Energy Group Global, LLC