Orsted has agreed to acquire the 121MW Ford County wind farm in the US state of Illinois from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy for an undisclosed price.
Ford County is contracted via power purchase agreements (PPA’s) with Mars, Silgan Containers, and BHJ USA.
The project reached commercial operation in March.
The wind farm is located in the Midwest Independent System Operator’s (MISO) territory.
Orsted head of project finance and business development James Giamarino said: “I’m pleased that we continue to diversify our Onshore portfolio with additional capacity in MISO Illinois and expand our relationship with Ares through the agreement to acquire Ford County.
“We’re proud to work with new customers Mars, Silgan Containers, and BHJ USA and be able to support their decarbonisation journeys.”
Ares Infrastructure Opportunities partner Steve Porto said: “We’re pleased to work with Orsted again on this latest transaction and believe that the sale of the Ford County asset underscores the strength of our relationship and Ares’ commitment to creating high-quality climate infrastructure assets.”
The acquisition is expected to be finalised later this year upon receipt of customary regulatory approvals.