The
internet
giant
and
Citi
will
each
invest
$102m
in
the
168MW
Alta
5
element
of
the
multi-phase
wind
development
in
Tehachapi.
The
new
finance
adds
to
the
$55m
each
the
two
investors
announced
for
the
102MW
Alta
4
last
month.
Google
and
Citi
will
inject
the
finance
on
a
leveraged
lease
basis,
meaning
the
investors
purchase
the
projects
at
the
start
of
commercial
operations
and
lease
them
back
to
Alta
Wind’s
developer,
Terra-Gen
Power.
Terra-Gen
will
then
continue
to
manage
and
operate
the
wind
projects
under
long-term
agreements.
The
initial…
