Skyline signs agreement to acquire 166 MW wind project in NW Texas from RES

Skyline Renewables, a partnership between Transatlantic Holdings (TPH) and Ardian, 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.