Mark Safty, who will teach Renewable Energy Project Development Law in the spring 2011 semester at the University of Denver Sturm College of Law, headed a legal team from Holland & Hart that recently closed a major wind project development on behalf of the Southern California Public Power Authority (SCPPA).
The $547 million deal, pictured above, is a pre-paid power purchase agreement for power generated at the Goldendale, Washington, Windy Point/Windy Flats Project. This windfarm is one of the largest wind energy projects in the U.S. "The 90 square-mile wind farm spans 26 miles along the Columbia River ridgeline and affords a very high availability of year-around wind energy," according to the SCPPA.
The Windy Point/Windy Flats Project financing is one of the most significant pre-pay power purchase agreement transactions in the U.S.
Mr. Safty, a partner at Holland & Hart, directs the firm's Energy & Infrastructure Group.