Majority stake in Oakesdale’s First Wind turbine farm sells to J. P. Morgan investors in Oakesdale turbine project

J.P. Morgan Asset Management and First Wind announced Dec. 11 that institutional investors advised by J.P. Morgan have made a 90 percent majority investment in the Palouse Wind project near Oakesdale.

First Wind will continue to operate and manage the site as the company continues to expand its third-party operations group.

The sale comes after an approval by the Federal Energy Commission for the deal which first came to light when Whitman County Planner Alan Thomson received a notice Oct. 17 of a potential change in ownership. At the time, First Wind made no comment to the Gazette, pending th...