As background, the special meeting July 10 relates to a Dec. 4, 2023, order by the Industrial Siting Council that approved the so-called Rail Tie wind project.
But Davis and his group said that the council approved the “financial adequacy” of the previous owner by not sharing the financial resource information with his group, which is an intervenor in the case. This was done outside of the legal bounds of how power projects are supposed to be approved, Davis said.
The legal mess has grown murkier because of the entrance into Wyoming of a new owner of the project. Davis claimed that the new entrant may have to start the Rail Tie permitting process all over because of his claim that the ConnectGen “financial adequacy” process wasn’t done properly last fall.
Spanish Connection
Last fall, Spanish energy giant Repsol broke into the U.S. market for onshore wind power with a $768 million deal to buy Houston-based renewable energy firm ConnectGen from private equity firm Quantum Capital Group. This is how Rail Tie came into the hands of Repsol.
Quantum’s renewable energy arm, 547 Energy, owned ConnectGen.
The deal to buy ConnectGen closed with regulators in March.
ConnectGen, founded in 2018, operates 278 megawatts of solar energy projects in Arizona, California and Nevada.
