Skyline to purchase majority stake in 460 MW wind portfolio in Texas

Skyline Renewables, an independent clean energy platform founded by Transatlantic Holdings (TPH) and Ardian, has reached an agreement with Starwood Energy for the purchase of the company's 51% interest in the Horse Creek and Electra wind farms.

Horse Creek and Electra, located in Haskell and Wilbarger counties, Texas, are each 230 MW wind projects constructed by Starwood Energy that began operations in late 2016. Each project consists of 100 GE 2.3 MW turbines and both include long-term hedges. Skyline will manage the portfolio after the transaction closes, anticipated later this year.

The transaction follows Starwood's sale of a 49% interest in the wind farms to MEAG, Munich Re's asset manager, in 2017. Terms of the transaction were not disclosed.