Skyline Renewables has agreed to access Starwood Energy’s fifty-one percent pale in the Texas-based Horse Creek and Electra wind farms. No banking acceding were disclosed. Skyline Renewables was formed beforehand this year as a affiliation amid Ardian and Transatlantic Ability Holdings.
PORTLAND, OR & GREENWICH, CT – October 22, 2018 – Skyline Renewables, an absolute apple-pie activity belvedere and Starwood Activity Group All-around (“Starwood Energy”), a arch clandestine advance aing focused on activity infrastructure, appear today that they accept accomplished an acceding for Skyline to acquirement Starwood Energy’s 51% absorption in the Horse Creek and Electra wind farms.
Horse Creek and Electra, amid in Haskell and Wilbarger counties, Texas, are anniversary 230MW wind projects complete by Starwood Activity that began operations in backward 2016. Anniversary activity consists of 100 GE 2.3MW turbines and both accommodate abiding hedges. Skyline will administer the portfolio afterwards the transaction closes, advancing after this year.
The transaction follows Starwood’s auction of a 49% absorption in the wind farms to MEAG, Munich Re’s asset manager, in 2017. Acceding of the transaction were not disclosed.
“This transaction is the acme of abounding years of assignment by the Starwood aggregation to advance these high-quality activity basement assets, and actualize amount for our bound partners,” said Himanshu Saxena, Chief Controlling Office of Starwood Energy. “We’re captivated that Skyline’s acceptability for accomplished and accomplished administration will abide to accommodate these communities with admired revenue.”
With this latest acquisition, Skyline Renewables will abound its wind portfolio to 686MW of controlled accommodation back basic the aggregation beforehand this year as a affiliation amid Ardian and Transatlantic Ability Holdings. Skyline Renewables appear its aboriginal accretion of Whirlwind Energy, a 60MW activity in NW Texas, and an added accretion of Hackberry Wind Farm, a 166MW, additionally in NW Texas, in September 2018.
“This is a actual important footfall in our ambition to become a arch absolute apple-pie activity belvedere with abundant assets that are able-bodied positioned to booty advantage of alteration dynamics in the renewable activity industry,” said Skyline Renewables President & CEO, Martin Mugica. “We pride ourselves in our ability and accomplished amount apprenticed acquisitions and Starwood did an accomplished job developing these wind farms. We attending advanced to maximizing revenues with our administration expertise.”
ABOUT STARWOOD ENERGY GROUP GLOBAL, LLCStarwood Activity Group is a clandestine advance aing based in Greenwich, CT that specializes in activity basement investments. Through its accepted befalling funds and added affiliated advance vehicles, Starwood Activity Group has aloft disinterestedness commitments in balance of $3 billion and has accomplished transaction accretion added than $7 billion in action value. The Starwood Activity Group aggregation brings all-encompassing development, construction, operations, accretion and costs ability to its investments, with a focus on the accustomed gas and renewable ability generation, and manual sectors. Starwood Activity Group is an associate of Starwood Basic Group Global, L.P. Added advice about Starwood Activity Group as able-bodied as Starwood Basic Group can be begin at www.starwoodenergygroup.com.
ABOUT SKYLINE RENEWABLES, LLCSkyline Renewables is a affiliation amid Transatlantic Holdings (TPH) and Ardian, a world-leading clandestine advance house, created to authorize a arch North American renewables belvedere with a absolute installed accommodation of 3 GW. Skyline appear its aboriginal acquisition, Whirlwind, a 60MW windfarm in Texas, in March 2018 and its additional Texas acquisition, Hackberry, a 166 MW wind farm, aftermost month. Skyline is led by CEO, Martin Mugica, a arch controlling aural the US apple-pie activity area with ability in wind, solar, accustomed gas accursed bearing and ability trading activities. Skyline Renewables’ administration aggregation appearance a cardinal of the individuals who helped body and advance Iberdrola Renewables to become the additional better and fastest growing renewables activity aggregation in the US, at that time.
ABOUT ARDIANArdian is a world-leading clandestine advance abode with assets of US$72bn managed or brash in Europe, the Americas and Asia. The aggregation is majority-owned by its employees. It keeps entrepreneurship at its affection and focuses on carrying accomplished advance achievement to its all-around broker base. Through its charge to aggregate outcomes for all stakeholders, Ardian’s activities ammunition individual, accumulated and bread-and-er advance about the world. Holding aing its amount ethics of excellence, adherence and entrepreneurship, Ardian maintains a absolutely all-around network, with added than 530 advisers alive from fourteen offices beyond Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on account of added than 750 audience through bristles pillars of advance expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Clandestine Debt.
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