A fund managed by Ares Management Corporation has acquired three wind farms in Texas totalling 430MW from BP Wind Energy North America.
The projects are the 145MW Sherbino Mesa and 225MW Trinity Hills facilities in the ERCOT West region and the 60MW Silver Star plant in ERCOT North.
All three wind farms have been operating since 2008 and are scheduled to be repowered using Vestas hardware.
Repowering is slated for completion in 2020.
Ares Infrastructure and Power strategy co-head Keith Derman said: “This transaction adds three flagship assets to the Ares portfolio and reinforces Ares’ leading position as a value-added infrastructure investor in the renewable sector.
“We are witnessing a historic transformation of the nation’s energy sector, and expect this investment to benefit from an innovative repowering with efficient new technology and a highly-proven, strong wind resource.”