ArcLight Infrastructure Partners is focusing on its renewables investment initiative, SkyVest Renewables, and concurrent acquisition of a 160 MW operating wind farm located in Texas’ Midland Basin.
SkyVest was formed by the company to operate and optimize acquired renewables assets. The companies expect to target operating utility-scale wind and solar assets in North America.
“As the renewables sector continues to grow and mature, the operational and commercial requirements are changing, which in turn creates the opportunity to apply a value-add skill set compared to the ‘growth-at-all-cost’ orientation of the past,” says Carter Ward, partner at ArcLight.
“Similar to ArcLight’s prior operating renewable investments – including Leeward, TerraGen and Great River Hydro – we believe SkyVest has the resources required in today’s market to become one of the leading operators of wind and solar assets in the U.S.”
