Chicago-based GlidePath Power Solutions has acquired a 149 MW portfolio of wind farms in north Texas.
The portfolio, acquired from Exelon Generation, comprises eight distributed wind energy projects serving the Southwest Power Pool market. Terms of the sale were not disclosed. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, an investor of low-carbon and renewable energy infrastructure.
The acquisition brings GlidePath’s operating portfolio of wind, solar and storage projects to more than 445 MW, in addition to its development pipeline of more than 1 GW of battery storage projects, across the U.S.
GlidePath’s operations team will optimize the performance of the wind farms while the company explores opportunities to develop on-site battery storage systems.
“The high penetration of wind energy in north Texas offers us an excellent opportunity to pair these facilities with the latest battery storage technology,” says David Braun, president of GlidePath Asset Management. “We look forward to managing these wind assets in a way that will hopefully strengthen reliability of supply in the local electric grid and deliver benefits for Texas power consumers.”
This acquisition follows GlidePath’s recent announcement of the Prospect Storage project, a stand-alone battery facility located in the ERCOT market about 50 miles south of Houston. Prospect Storage is currently in advanced construction.
