GlidePath announces acquisition of 149 MW wind portfolio in US
GlidePath Power Solutions (GlidePath), one of America’s leading independent energy storage developers, has announced its acquisition of a 149 MW portfolio of wind farms in North Texas.
The acquisition brings GlidePath’s operating portfolio to more than 445 MW, in addition to its development pipeline of more than 1 GW of battery storage projects across the United States. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low-carbon and renewable energy infrastructure.
The wind portfolio, acquired from Exelon Generation, is comprised of eight distributed wind energy projects located north of Amarillo that serve the Southwest Power Pool (SPP) market. Terms of the sale were not disclosed.
GlidePath’s operations team will optimize the performance of the wind farms while the company explores opportunities to develop on-site battery storage systems, which it is believed would be the first battery storage projects in SPP territory.
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