Goldwind has announced the sale of its 20 MW Musselshell Wind Project in Montana to Potentia Renewables, a Toronto-based developer, owner and operator of renewable energy assets.
Located in Wheatland County, the project features a total of 14 Goldwind 87/1.5 MW permanent-magnet direct-drive turbines. Marathon Capital LLC acted as Goldwind’s exclusive sell-side financial advisor, providing marketing outreach, valuation, structuring, due diligence and negotiation support throughout the sale process.
Under the terms of the deal, Goldwind will continue to provide long-term maintenance services and a warranty package.
“As part of our expansion and commercialization strategy in North America, Goldwind expanded its pipeline of projects in the U.S., and when the time was right, our plan was to divest our interests in those projects to strategic buyers,” says Saad Qais, chief financial officer for Goldwind Americas.
“We are very excited to add these great-performing assets to our rapidly expanding North American renewable energy footprint,” adds Jeff Jenner, CEO of Potentia Renewables Inc. “Potentia now has over 850 MW of operating, under-construction and long-term contracted wind and solar assets in Canada, United States and the Caribbean.”
