ArcLight Capital Partners subsidiary Leeward Renewable Energy has bought Infigen Energy’s US wind assets, totalling almost 1.1GW.
The acquisition also includes Infigen’s US-based asset management and operations business and brings the number of wind farms in Leeward’s portfolio to 18, totalling more than 1.5GW.
Leeward Renewable Energy president David Smith said: “This creates a growth opportunity for our wind business in the US.
“We are pleased to join forces with ArcLight to efficiently and cost-effectively manage our existing assets while evaluating opportunities for growth.”
ArcLight managing partner Dan Revers said: “ArcLight established Leeward Renewable Energy to acquire all of Infigen’s operating US wind business, including its capable management and operations team, and to serve as a platform for future acquisitions in the renewable energy sector.”
Latham & Watkins served as legal counsel and Ernst & Young provided tax and accounting advice to ArcLight on the transaction.
UBS Investment Bank was financial adviser and Skadden, Arps, Slate, Meagher & Flom was legal counsel for Infigen on the transaction.
Image: Infigen
