Milbank advises Canada’s Fengate Capital in inaugural U.S. wind investment

By Michelle Froese San Juan Mesa is a fully operational 120-MW facility in eastern New Mexico that sells electricity under a long-term power purchase agreement with Southwestern Public Service.
Milbank, Tweed, Hadley & McCloy LLP has advised Fengate Capital Management in its acquisition of a 25% equity interest in the San Juan Mesa Wind Project LLC.
Fengate, a real asset investment firm based in Toronto, Canada, acquired Citigroup’s stake in the wind farm. San Juan Mesa is a fully operational 120-MW facility in eastern New Mexico that sells electricity under a long-term power purchase agreement with Southwestern Public Service Co.
The move represents Fengate’s inaugural investment

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