NYSE: SUNE), the world's largest renewable energy development company, and West Street Infrastructure Partners III ("WSIP") and affiliates, today announced the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets.
The WSIP Warehouse is a $1 billion investment vehicle with $300 million equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs.
The WSIP Warehouse expands our capacity beyond our existing $1.
Completion of the formation of the WSIP Warehouse and the financial close of the related debt facilities are subject to customary conditions and are expected to occur by Oct.
WSIP, together with its predecessor funds GS Infrastructure Partners I & II, are the principal investment vehicles managed by Goldman Sachs that make direct investments in infrastructure assets and infrastructure-related companies.
When WSIP officials speak of being a good neighbor, they are not only referring to the people who live near the treatment plants.
When planning for the WSIP gained momentum in the mid-1990s, Fayetteville officials received letters from the state of Oklahoma threatening to sue the city once again.
Much of the piping for the WSIP functions by way of gravity.
Negotiating with property owners can be challenging, but for the most part, the process went smoothly for the WSIP, Hyke said.