PEAK Wind recently secured a five-year asset management agreement, with extension options, providing operations and asset management (O&M) services for the Blue Cloud wind farm, located in northwest Texas.
“This agreement reflects PEAK Wind as a trusted and reliable operator and asset manager, further demonstrated by the numerous renewable projects they are engaged in with us,” says Mads Skovgaard-Andersen, partner at Copenhagen Infrastructure Partners (CIP). “We are confident that, under their management, Blue Cloud will continue to deliver reliable and clean wind energy to the US consumers into the future.”
The scope of the agreements provides CIP with a one-stop-shop service, including the management of HSE, compliance, service providers, financial services, asset integrity, energy management, environmental and waste management, and performance reporting, among others.
“This agreement presents a stepping stone for further expanding PEAK Wind’s renewable asset management activities in Texas and the U.S. as a whole,” says Denis Nørnberg Andersen, co-founder and head of asset management at PEAK Wind. “We greatly appreciate the trust that the owners and tax equity investors are placing in PEAK Wind.”
Blue Cloud, located in Bailey and Lamb counties, has a total installed capacity of 148.4 MW and has been in operation since late 2018. This project is part of Copenhagen Infrastructure II K/S (CI-II), a EUR 2 billion energy infrastructure fund managed by CIP.