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.