trending Market Intelligence /marketintelligence/en/news-insights/trending/drUTJiAJYEzFQMuw-bgrYw2 content esgSubNav
In This List

Bankers Commercial to become tax equity investor in 100-MW Mich. wind plant

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

[Report]: 2021 Corporate Renewables Outlook

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Bankers Commercial to become tax equity investor in 100-MW Mich. wind plant

Bankers Commercial Corp. is seeking approval to acquire the nonmanaging, passive class A membership stake in the planned 100-MW Apple Blossom wind project in Huron County, Mich.

Following the tax equity investment, Sempra Energy subsidiary Sempra ABW Holdings LLC will retain ownership of the class B membership interests in the facility, according to an Aug. 4 application to the Federal Energy Regulatory Commission.

The output of the facility will be sold to CMS Energy Corp. subsidiary Consumers Energy Co. under a 15-year power contract, which is expected to start in the last quarter of 2017.

The applicants asked FERC to approve the transaction by Oct. 1. Mitsubishi UFJ Financial Group Inc. is the ultimate corporate parent of Bankers Commercial Corp.

(FERC docket EC17-150)