Greenbacker acquires 16 MW of US wind parks

Wind farm in USA. Author: Sam Howzit. License: Creative Commons. Attribution 2.0 Generic

March 14 (Renewables Now) - New York-based Greenbacker Renewable Energy Company LLC has taken possession of two wind farms in Vermont and California with a combined capacity of 16 MW.

The deals were announced on Tuesday by consultancy Natural Power, which provided technical due diligence to Greenbacker during the acquisition of the wind parks, named Wagner and Georgia Mountain. As a result of the transactions, Greenbacker’s portfolio of wind power assets has increased to 61.5 MW.

Located in Palm Springs, California, the 6-MW Wagner wind park was developed and built by BayWa re GmbH of Germany. The plant has been generating power since end-2012, selling its output to the City of Riverside under a 20-year off-take contract.

The 10-MW Georgia Mountain wind farm in Vermont’s Chittenden and Franklin Counties consists of four turbines that are producing electricity for the nearby Burlington Electric Department. The plant has been operational since end-2012, as well.

In a press release, Natural Power said its scope of work included turbine technology and key contract reviews, as well as turbine, blade and balance of plant inspections. The consultancy has also assessed the operational performance of both plants and calculated operations and maintenance costs related to the future operation of the facilities.

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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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