Gulf Pacific Boosts Stake in Two Companies with 1,134 MW Wind Portfolio


Gulf Pacific Power LLC (GPP) has increased its cash-equity position in two wind portfolios: EGPNA Renewable Energy Holdings LLC, a holding company that owns a 785 MW portfolio of four operating wind projects, and Rocky Caney Holdings LLC, a holding company owning two operating wind projects totaling 349 MW. According to Harbert Management Corp., GPP acquired the additional interests from subsidiaries of Enel Green Power North America Inc., which will continue to operate the portfolios.

The portfolios include the 235 MW Chisholm View facility in Grant and Garfield Counties, Okla.; the 200 MW Prairie Rose facility in Rock and Pipestone Counties, Minn.; the 200 MW Goodwell facility in Texas County, Okla.; the 150 MW Origin facility in Murray and Carter Counties, Okla.; the 200 MW Caney River facility in Elk County, Kan.; and the 149 MW Rocky Ridge facility in Kiowa and Washita Counties, Okla. Each of the projects benefit from long-term power purchase agreements.

“We are thrilled to expand our ownership position in these two wind portfolios, as well as our relationship with our partner Enel,” says Claude Estes, head of investments at Harbert Infrastructure.

GPP was formed in 2013 to make equity investments in North American power infrastructure. In addition to the portfolios, GPP’s current holdings include investments in: Sandersville, a 600 MW simple-cycle power plant in Warthen, Georgia; Washington County Power, a 613 MW simple-cycle power plant in Linton, Georgia; Desert Sunlight, a 550 MW(ac) solar photovoltaic power generation facility in Riverside County, California; Northern Star Generation, a 1,052 MW portfolio of five thermal power plants in Florida and Nevada; and Astoria Energy II, a 575 MW combined-cycle power plant in New York City.

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