In its latest renewable power transaction, law firm Milbank, Tweed, Hadley & McCloy LLP says it advised a BlackRock-managed fund in acquiring a 50% interest in the Grandview wind project, formally known as Grandview I Wind, from GE Energy Financial Services.
The project, 211 MW and located in the northern Texas panhandle, has been operating since 2014 and is scheduled to provide electricity regionally under a long-term off-take agreement.
The 45,000-acre Grandview One is located within the Competitive Renewable Energy Zone, a Texas designation for applying renewable energy technologies where available land and renewable energy sources are abundant.
Grandview, in Carson County, east of Amarillo, is now jointly owned by BlackRock and E.ON Climate and Renewables North America, a subsidiary of Germany-based power provider E.ON SE.
Milbank corporate partner Brien Wassner and project finance partner Karen Wong led the team on behalf of BlackRock.