ArcLight Launches SkyVest Renewables and Acquires 160 MW Wind Farm in Texas
July 29, 2024
ArcLight Capital Partners launched SkyVest Renewables, an operating-focused renewables platform, with an initial $500 million capital commitment and concurrently acquired a 160 MW operating wind farm in the Midland Basin, Texas (commercial operations 2020). SkyVest will operate and optimize utility-scale wind and solar assets across North America, leveraging ArcLight's operational resources to drive near-term cash flow and brownfield development.
- Buyers
- ArcLight Capital Partners, SkyVest Renewables
- Targets
- 160 MW operating wind farm (Midland Basin, Texas)
- Platforms
- SkyVest Renewables
- Industry
- Renewable Energy
- Location
- Texas, United States
- Transaction Type
- Addon
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