ArcLight's Sequitur to buy 185-MW wind portfolio in PJM market
Image by U.S. Department of Agriculture.
Sequitur Renewables LLC, an affiliate of private equity firm ArcLight Capital Partners LLC, will acquire a 185-MW wind farm portfolio with assets located in the states of Pennsylvania and West Virginia from GlidePath Power Solutions LLC.
The portfolio in question includes a total of five operating wind farms that sell electricity and renewable energy credits (RECs) into the merchant PJM market.
In addition to the wind parks, Sequitur will also buy some battery energy storage system (BESS) projects with a combined potential of 80 MWh.
"ArcLight is excited to re-enter the wind market through the establishment of the Sequitur platform. This platform follows prior domestic wind-focused investments in Leeward Renewables, Terra-Gen Power and CPV Wind," commented Carter Ward, partner at ArcLight.
In the meantime, affiliates of the Boston-based private equity firm are progressing the development of a couple of BESS projects in California and New York for a combined 540 MWh.