Under this agreement, GE Energy Financial Services, Itochu International (III) and Tyr Energy, an independent power producer investment holding company of Itochu, are in discussions for co-investment opportunities in wind power, including the CPV Keenan II wind power project in Oklahoma and another wind project in the US for which Itochu and its affiliates are conducting due diligence.
Closing of Itochu’s investments in the Keenan II and other wind projects is expected in the third quarter of this year. For the Keenan II wind project, operations and maintenance will be contracted to NAES Corporation.
Under the memorandum of understanding, co-investment opportunities that Itochu and GE identify will undergo customary internal and due diligence reviews, Itochu said.
