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BluEarth snaps up 795-MW wind portfolio in Wyoming

Wind farm in Wyoming. Author: railsr4me. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

July 24 (Renewables Now) - Canadian renewable power producer BluEarth Renewables LP said on Monday it has completed the purchase of a 795-MW wind project portfolio in the US state of Wyoming.

The under-development assets were acquired from Colorado-based Intermountain Wind LLC for an undisclosed sum. Following the transaction, carried out by BluEarth’s US affiliate, the Canadian firm will have a “significant growth opportunity” in the US market, its president and CEO Grant Arnold said.

The development of the newly-acquired portfolio will move towards commercial operation with the help of Paul Martin, Intermountain's president. The latter will assist BluEarth under a development services agreement.

This acquisition adds to BluEarth’s existing development portfolio, which comprises more than 400 MW of projects in advanced development stages and a pipeline of early-stage opportunities. Earlier this year, BluEarth acquired 80% interests in two operational wind farms in Minnesota with a combined capacity of 39.6 MW.

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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