Ardian Infrastructure and Transatlantic Power Holdings (TPH) have announced plans to team up to develop renewable energy projects in North America.
The two companies have created a joint venture – Skyline Renewables – that has already made its first asset purchase, and which plans to become one of the leading renewable energy developers in the region.
Skyline Renewables has closed a deal to buy Whirlwind Energy, a 26-turbine, 60 MW wind farm in Texas, USA. The acquisition included the buyout of tax equity interests from JP Morgan and cash equity interests from RES Americas.
Skyline will target the acquisition of operating and development onshore wind energy projects in North America and plans to build a portfolio in North America of 3 GW, it says.
“TPH has an exceptionally strong team and a clear strategy for success,” Stefano Mion, Managing Director and co-head of Ardian Infrastructure US, said. “We are excited to leverage its deep industry expertise and considerable relationships for sourcing and pursuing new investment opportunities in the North American renewables sector. While our vision for Skyline Renewables is broad, Whirlwind is the ideal first investment, one in which we can actively manage the asset and optimize returns.”