A subsidiary of global commodity merchant Castleton Commodities International has acquired the 150MW Sherbino 1 wind farm in Texas.
No details were given about the seller or the price of the transaction.
Sherbino 1, which is located in Pecos County, delivers electricity into the ERCOT region.
Castleton Commodities International said it now owns and/or provides management services to 12 power generation assets totalling 3.6GW across the US and Europe.
Castleton Commodities International US power principal investments team executive director Arvind Rajpal said: “We are pleased to add this wind farm to our North American power portfolio both for its renewable attributes and the attractive market opportunity it represents.
“CCI’s ability to assess the opportunity and conduct due diligence in a compressed timeframe allowed us to be successful in this transaction.”
Mercer Thompson served as legal counsel and Guggenheim Securities acted as financial advisor to Castleton Commodities International.