EnergyWatch

Here's how one family office bought a wind farm. Now you can too

Slavin Juliá's family built its first wind farm in 2009. "A family entering now in any US state will find there is a rigorous framework, with a few exceptions," he says.

Photo: Nordex

After years of building an industrial real estate business in Puerto Rico, the older members of Raoul Slavin Juliá's family were ready to sell their assets and retire. It was 2004, years before the island would face the back-to-back-to-back blows of bankruptcy and two destructive hurricanes, but it seemed like a good time to have a bit of liquidity.

"We looked around and said: What now?" Slavin Juliá, 46, remembers. What he saw on the island were crippling electricity costs and dependency on fossil fuels. The answer to his question, he eventually determined, was blowing all around him. His family would soon start on a journey to become builders and owners of wind farms in Puerto Rico and later the mainland US.

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