Skyline Renewables, which was formed beforehand this year by Transatlantic Ability Holdings and Ardian, has agreed to access Texas-based Hackberry Wind Farm. The agent is Renewable Activity Systems Americas. No banking agreement were disclosed.
Portland, September 27, 2018: Skyline Renewables has agreed to access its added ability bearing asset, the 166 MW Hackberry Wind Acreage in NW Texas, from Renewable Activity Systems Americas (RES).
The Hackberry Wind Acreage in Shackelford County, Texas was accustomed in 2008. It has 72 wind turbines and a PPA with the City of Austin. The Skyline Renewables accretion entails a clean-up of the absolute basic anatomy of the project, including the buyout of tax disinterestedness interests from GE Activity Banking Services and banknote disinterestedness interests from RES as able-bodied a restructuring of the activity debt facility. RES will abide to accommodate operations abutment for Hackberry during the alteration of ownership.
“We accept a bright ambition – to become a arch North American apple-pie absolute activity platform,” said Skylines Renewables President & CEO, Martin Mugica. “To that end, RES has developed and managed Hackberry Wind Acreage into a actual adorable asset. This accretion not alone establishes Skyline with a able-bodied ballast in the arch renewable activity accompaniment of Texas, it additionally provides us with added assets for cardinal advance in the a future.”
Skyline Renewables appear its aboriginal accretion in March 2018, the 60 MW Whirlwind project, additionally in NW Texas. Skyline Renewables was created beforehand this year as a affiliation amid Ardian and Transatlantic Ability Holdings. Skyline Renewables will focus on accepting operating and development projects in the onshore wind sector.
“As the industry transitions to the end of the PTC and new accumulated tax reforms booty effect, Skyline Renewables will abide its action to advantage opportunities in today’s renewable activity mural in adjustment to body a arch platform,” connected Mr. Mugica. “Skyline Renewables looks advanced to capitalizing on added agitative opportunities in the a term.”
ABOUT SKYLINE RENEWABLESSkyline Renewables is a affiliation amid Transatlantic Holdings (TPH) and Ardian, a world-leading clandestine advance house, to authorize a arch North American renewables belvedere with a absolute installed accommodation of 3 GW. Skyline appear its aboriginal acquisition, Whirlwind, a 60MW windfarm in Texas, in March 2018. Skyline is led by CEO, Martin Mugica, a arch controlling aural the US apple-pie activity area with ability in wind, solar, accustomed gas accursed bearing and ability trading activities. Skyline Renewables’ administration aggregation appearance a cardinal of the individuals who helped body and advance Iberdrola Renewables to become again the added better and fastest growing renewables activity aggregation in the US, at that time.
ABOUT RESRES is the world’s better absolute renewable activity aggregation alive in a ambit of technologies including onshore and adopted wind, solar, activity accumulator and manual and distribution. At the beginning of the industry for the aftermost 35 years, RES has delivered added than 16 GW of renewable activity projects beyond the apple and supports an operational asset portfolio beyond 3.5 GW common for a ample applicant base. RES employs added than 2,000 bodies and is alive in 10 countries. For added information, appointment www.res-group.com.
ABOUT ARDIANArdian is a world-leading clandestine advance abode with assets of US$72bn managed or brash in Europe, the Americas and Asia. The aggregation is majority-owned by its employees. It keeps entrepreneurship at its affection and focuses on carrying accomplished advance achievement to its all-around broker base. Through its charge to aggregate outcomes for all stakeholders, Ardian’s activities ammunition individual, accumulated and bread-and-er advance about the world.
Holding aing its amount ethics of excellence, adherence and entrepreneurship, Ardian maintains a absolutely all-around network, with added than 530 advisers alive from fourteen offices beyond Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on account of added than 750 audience through bristles pillars of advance expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Clandestine Debt.
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