Sammons Renewable Energy (SRE), an investor and developer of renewable energy projects in North America, has acquired Midway Wind LLC from Apex Clean Energy.
Located on the Texas Gulf Coast in San Patricio County, Midway Wind is a development project that will be made up of 47 Siemens Gamesa G132 turbines for a total capacity of 162.9 MW. The wind farm is expected to enter commercial operations in December of this year.
“Midway’s location near Texas’ wind-rich Gulf Coast and its proximity to the Electric Reliability Council of Texas’ (ERCOT) South Hub position the development to fill an energy gap that will widen as coal-generation in ERCOT is retired,” comments Heather Kreager, CEO of Sammons Enterprises, the ultimate parent company of SRE. “By continuing to work with Apex Clean Energy, who will manage construction efforts, we are confident this project will be a valuable asset in our growing renewable energy portfolio.”
“Midway is Sammons Renewable Energy’s first wind acquisition in our home state of Texas,” adds Darron Ash, senior vice president of Sammons Enterprises.
The transaction closed on Dec. 27. Franklin Park Investments identified and assisted with structuring the deal and closing the transaction on behalf of SRE. In addition, Franklin Park Investments will manage the project on behalf of SRE. Akin Gump Strauss Hauer & Feld provided legal advice, and Leidos Engineering LLC provided engineering advice.
