Connecticut, United States [RenewableEnergyWorld.com] American Wind Capital Company (AWCC) announced that is has made a multi-million dollar acquisition of assets from Oak Creek Energy Systems Inc. (OCES), a California based developer
AWCC said that it plans to invest in more projects in Texas, following the recent close of an asset buy in that state. The office will be located in Sweetwater, Texas.
The company also announced that it has closed its first transaction in which the seller used his proceeds to purchase additional real estate using a 1031 Like Kind Exchange, which allowed the landowner to defer tax liability from the sale of his royalties.
“These milestones represent material advancements for our company,” said American Wind Capital’s CEO Charles Hinckley. “This rapid expansion of our business reflects the value we add for both large and small landowners of property that host renewable projects.”