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US highway safety agency ends probe of Tesla suspension failures

The National Highway Traffic Safety Administration has closed an investigation into Tesla. Photo by Manuel Velasquez/Unsplash

U.S. highway safety regulators have closed an investigation into complaints that suspension parts can fail on nearly 75,000 Tesla vehicles, and they won't seek a recall.

The National Highway Traffic Safety Administration said in documents released Wednesday that it found 426 reports of failures on the Model S from 2015 through 2017 and the Model X from 2016 and 2017. One crash was reported with no injuries.

But the agency found in testing and in checking complaints that the Teslas could still be controlled by drivers if the front fore links failed. So it decided to close the probe that was opened in November of 2020.

Texas-based Tesla did a customer satisfaction campaign in 2017 to replace fore links on some of the vehicles. But NHTSA said that didn't cover 75% of the failures identified in its investigation. The agency recommended that Tesla expand the replacement program.

A message was left Wednesday seeking comment from Tesla.

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A View From HETI

Spring-based Arroyo Investors has purchased Whirlwind Energy Center in Amarillo, Texas. Photo by Sam LaRussa on Unsplash.

Spring-based private equity firm Arroyo Investors has teamed up with ONCEnergy, a Portland, Oregon-based developer of clean energy projects, to buy a 60-megawatt wind farm southeast of Amarillo.

Skyline Renewables, which acquired the site, known as the Whirlwind Energy Center, in 2018, was the seller. The purchase price wasn’t disclosed.

Whirlwind Energy Center, located in Floyd County, West Texas, comprises 26 utility-scale wind turbines. The wind farm, built in 2007, supplies power to Austin Energy.

“The acquisition reflects our focus on value-driven investments with strong counterparties, a solid operating track record, and clear relevance to markets with growing capacity needs,” Brandon Wax, a partner at Arroyo, said in a press release. “Partnering with ONCEnergy allows us to leverage deep operational expertise while expanding our investment footprint in the market.”

Arroyo focuses on energy infrastructure investments in the Americas. Its portfolio includes Spring-based Seaside LNG, which produces liquefied natural gas and LNG transportation services.

Last year, Arroyo closed an investment fund with more than $1 billion in total equity commitments.

Since its launch in 2003, Arroyo has “remained committed to investing in high-quality assets, creating value and positioning assets for exit within our expected hold period,” founding partner Chuck Jordan said in 2022.

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