Swedish developer Eolus, through the recently started subsidiary Eolus North America, has acquired two wind power under development in Nevada.
The deal means that Eolus will acquire 100% of the shares in the US companies Crescent Peak Renewables and Comstock Wind for $50,000.
Crescent Peak owns the rights to a wind power project of 200-600MW under development in Clark County, while Comstock owns the right to a wind power project of 20-100MW under development in Storey, Washoe and Carson City County.
The transaction includes a profit sharing mechanism for the future sale of the projects.
Eolus chief executive officer Per Witalisson said: “The deal means a diversification of Eolus’ project portfolio that gives us an opportunity to acquire and together with the sellers continue to develop two projects with high potential.”
Image: sxc
