Landmark Dividend LLC has acquired 2,400 acres in Tehachapi, California on which a 50-MW wind farm operates. The property in the Alta Wind Energy Center also includes 82,000 square feet of manufacturing and office space.
“The acquisition of the Tehachapi site is a significant transaction for Landmark Dividend,” said Peter Kleinberg, Landmark Dividend vice president. “It provides us with a great foundation in one of the largest wind centers in North America. In addition, the lease with NRG and the power purchase agreement with Southern California Edison made this very attractive.”
Landmark Dividend is a real estate investor that helps fund utility-scale renewable projects.
“The long-term renewal of the production and investment tax credits by Congress in December 2015 has set the stage for the continued expansion in alternative energy investment,” said Alex Stone, Landmark Dividend senior vice president.