Ardian Infrastructure, an investment firm with assets of $67 billion managed or advised in Europe, North America and Asia, has announced a partnership with Transatlantic Power Holdings (TPH) to build a renewable energy platform based in the U.S.
Dubbed Skyline Renewables, the new platform’s first acquisition is Whirlwind, a wind project in Texas, from Renewable Energy Systems Americas Development Inc. (RES Americas).
The 26-turbine, 60 MW wind farm is located in Floyd county in northwest Texas. The acquisition included the buyout of tax equity interests from JP Morgan and cash equity interests from RES Americas.
Going forward, Skyline Renewables will focus on acquiring operating or under-development projects in the onshore wind sector. It aims to have a total installed capacity of 3 GW.
TPH was founded in 2016 by Martin Mugica and Lorenzo Roccia with a group of private investors. Mugica, formerly president and CEO of Iberdrola Renewables, will serve as Skyline’s CEO. Roccia will serve as Skyline’s chairman.
