Announced
Financials
Tags
Domestic
wind farm
Majority
Renewable Energy Equipment
United States
Pending
Single Bidder
Friendly
Private Equity
Private
Acquisition
Synopsis
Silverpeak, an alternative investment firm, agreed to acquire 360 MW Texas Wind Project, a wind farm, from Tri Global Energy, a Texas-based wind developer. Financial terms were not disclosed. "We are particularly excited about this development being situated on the 'right' – or eastern – side of ERCOT West, which is devoid of transmission congestion that could affect the pricing and return for producing reliable, economical, and eco-friendly electric power," Santosh Raikar, Silverpeak Managing Partner.
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