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DESRI breaks ground on Red Horse 2 wind and solar project in US

CTBR Staff Writer Published 12 January 2015

D. E. Shaw Renewable Investments (DESRI), a member of the D. E. Shaw group, has broken ground on the 71MW Red Horse 2 wind and solar project in Cochise County, Arizona, US.

Win Sol

The project, which is being designed and built by Swinerton Renewable Energy, will combine Vestas V110 wind turbines with Jinko Solar PV panels and Advanced Energy inverters.

Swinerton will also provide operations and maintenance services to the facility.

Tucson Electric Power (TEP) has agreed to acquire the energy generated from the project under a 20-year power purchase agreement (PPA).

The project is estimated to generate enough energy for over 13,500 homes in the TEP service territory.

D. E. Shaw group managing director and head of US private equity Bryan Martin said: "Red Horse 2 is one of the first combined wind and solar projects in the U.S., and we are proud to add it to the DESRI portfolio.

"We are happy to report that we've broken ground on the construction site and we are looking forward to completing and operating this project, so we can begin providing solar and wind energy to Arizona's residents and businesses."

DESRI and its affiliates acquired long-term contracted renewable energy assets in North America.

Image: The Red Horse 2 wind and solar project is being designed and built by Swinerton Renewable Energy. Photo: Courtesy of Anusorn P nachol/FreeDigitalPhotos.net.