first_img Twitter RenewablesWind Twitter Quinbrook Purchases 223 MW of Wind from NextEra Southern Power acquiring 118-MW Oklahoma wind project developed by Vestas’ NA unit Renewable project management firm Bradley acquired by Bureau Veritas 1.19.2018 By Editors of Power Engineering Quinbrook Infrastructure Partners, a global investment manager specializing in lower carbon and renewable energy infrastructure, acquired a 223 MW operational wind power portfolio from subsidiaries of NextEra Energy Resources. The acquisition was made by Glidepath Power Solutions, a Quinbrook portfolio company acquired by the Quinbrook Low Carbon Power Fund in 2017. Glidepath is a developer of distributed power solutions across the U.S. spanning wind, solar, distributed gas and battery storage. Quinbrook’s latest wind acquisition adds to its development pipeline, which exceeds 600 MW of planned distributed power and battery storage projects in the U.S. Linkedin RELATED ARTICLESMORE FROM AUTHOR The acquisitions expand Quinbrook’s ability to meet growing renewable energy demand in strategic energy markets. State policies in the California, Mid-Atlantic and Northeast markets are expected drive demand for more than 30 GW of new renewable energy capacity between now and 2030. TAGSNextEra Facebook CPV says it has developed 400+ MW of renewable capacity on former coal mines Linkedin Previous articleSiemens Gamesa Awarded Two Wind Turbine Projects Totaling 330 MWNext articleSan Diego to Develop 500 MW Hydropower Energy Storage Project chloecox “This latest acquisition lays the foundation for our US distributed power platform to be spearheaded by the Glidepath team,” said David Scaysbrook, managing partner of Quinbrook. “The wind assets in the NextEra portfolio are distributed scale and offer, not only immediate cash returns, but the potential for future upside benefits from repowering existing wind sites with the latest wind turbine technology and extending their operating lives for another 25 years or more.” No posts to display Facebook By chloecox – The portfolio consists of six operating wind farms varying in size from 9 to 66 MW. The projects are located in Pennsylvania, West Virginia and California, and are focused in markets which have only modest volumes of installed wind capacity. Each asset has been owned and operated by subsidiaries of NextEra Energy Resources for well over 10 years, and has an established operating history. A NextEra affiliate will continue to operate the facilities after closing.last_img read more