TIAA-CREF, CIRI joint venture acquires 3 wind farms

03/1/2012 | Bloomberg

Retirement account manager TIAA-CREF formed a joint venture with Cook Inlet Region Inc. to buy three wind farms from Edison Mission Group. Capistrano Wind Partners used $238 million from TIAA-CREF and CIRI to buy the Mountain Wind I and II farms in Wyoming and the Cedro Hill wind facility in Texas. TIAA-CREF and CIRI plan to inject up to $460 million in Capistrano, which may purchase as many as seven wind projects from Edison Mission Group.

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