Starwood Energy Unit Nabs 40% Stake In Fla. Power Plant

Law360, New York (January 17, 2012, 6:11 PM EST) -- An energy subsidiary of private equity firm Starwood Capital Group has acquired a minority stake in a Gainesville, Fla., biomass power plant project from Tyr Energy Inc., Starwood announced Tuesday.

Starwood said that an affiliate of Starwood Energy Group Global LLC, an energy and infrastructure investment subsidiary of Starwood, purchased a 40 percent equity stake in the Gainesville Renewable Energy Center project from Tyr. The transaction closed Dec. 30.

The total cost of the project is about $500 million, Starwood said. The 100-megawatt biomass power plant...
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