Greenbacker buys 30.7-MWp Minnesota wind duo from PRC

Greenbacker Renewable Energy Company LLC said on Wednesday it has bought a bundle of wind parks in Minnesota with a combined capacity of 30.7 MW DC.

The portfolio consists of two wind farms in operation in Murray County -- the 25.3 MW DC Ridgewind and the 5.4 MW DC WindShare. Both plants were acquired from domestic renewable project developer PRC Wind.

The value of the transaction remained under wraps.

The Ridgewind park has been generating power since January 2011. Its 11 turbines are operating under a power purchase agreement (PPA) with utility Xcel Energy - Minnesota. The three-turbine WindShare, meanwhile, was switched on in April 2006 and operates on a fully merchant basis.

Following the deal, Greenbacker owns three wind parks in Minnesota, where its initial asset was the 30.8 MW CWS plant in Nobles County. Including the newly-added assets, Greenbacker has around 2.2 GW of power generation capacity, including the pipeline.

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