Ardian's Skyline Renewables platform to acquire 166 MW wind farm in Texas
Ardian has announced that Skyline Renewables has agreed to acquire the 166 MW Hackberry Wind Farm in NW Texas, from Renewable Energy Systems Americas (RES).
The Hackberry Wind Farm in Shackelford County, Texas was established in 2008. It has 72 wind turbines and a PPA with the City of Austin.
The Skyline Renewables acquisition entails a clean-up of the existing capital structure of the project, including the buyout of tax equity interests from GE Energy Financial Services and cash equity interests from RES as well a restructuring of the project debt facility.
RES will continue to provide operations support for Hackberry during the transition of ownership.
Skyline Renewables announced its first acquisition in March 2018, the 60 MW Whirlwind project, also in NW Texas. Skyline Renewables was created earlier this year as a partnership between Ardian and Transatlantic Power Holdings. Skyline Renewables will focus on acquiring operating and development projects in the onshore wind sector.
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Read more
