UPC Power Solutions has acquired a 38MW US onshore wind farm from EDF Renewables North America.
EDF Renewables will continue to provide asset management and operations and maintenance services at the operational Chestnut Flats project in Pennsylvania.
UPC Power Solutions, a joint venture between ACEN, PivotGen and UPC Solar & Wind Investments, is focused on acquiring operating wind projects in the US.
It is also exploring strategies for extending useful life and enhancing performance through preventative maintenance and new investment.
Tim Rosenzweig, chief executive officer of UPC Power Solutions, said: “The addition of this high-quality renewable asset will support our long-term strategy to build a diversified fleet of operating wind projects.
“Our investment in Chestnut Flats will create economic opportunity and maintain jobs in the local community.”
With this acquisition, the ninth project and second M&A closing in 2023, UPC Power Solutions’ operating portfolio has grown to over 170 MW of renewable power generation across multiple states in the US.