Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 October 28, 2015 - 6:48 PM EDT
Print Email Article Font Down Font Up
ArcLight Capital Partners Announces Closing Of Transaction To Acquire Infigen Energy's U.S. Assets

BOSTON, Oct. 28, 2015 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight") announces the closing of the transaction between its newly formed portfolio company, Leeward Renewable Energy LLC, ("Leeward") and Infigen Energy ("Infigen") to acquire Infigen's U.S. wind assets.

ArcLight Capital Partners, LLC Company Logo

The current portfolio comprises equity interests in eighteen U.S. wind farms with a total installed capacity of approximately 1,557 MW, of which Infigen's interests comprise 1,089 net MW.  In addition, the acquisition includes Infigen's U.S.-based asset management and operations business.

"This creates a growth opportunity for our wind business in the U.S.," said Leeward Renewable Energy President David Smith. "We are pleased to join forces with ArcLight to efficiently and cost-effectively manage our existing assets while evaluating opportunities for growth."

"ArcLight established Leeward Renewable Energy to acquire all of Infigen's operating U.S wind business, including its capable management and operations team, and to serve as a platform for future acquisitions in the renewable energy sector," said Dan Revers, Managing Partner of ArcLight Capital Partners.

Latham & Watkins LLP served as legal counsel and Ernst & Young LLP provided tax and accounting advice to ArcLight on the transaction. UBS Investment Bank was exclusive financial adviser and Skadden, Arps, Slate, Meagher & Flom LLP was legal counsel for Infigen on the transaction.

About ArcLight Capital Partners

ArcLight is one of the leading private equity firms focused on North American energy infrastructure assets. Since its establishment in 2001, ArcLight has invested over $13.1 billion across multiple energy cycles in more than 90 investments. Headquartered in Boston, Massachusetts with additional offices in Luxembourg, the firm's investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio.  More information on ArcLight, as well as a complete list of its portfolio companies, can be found at http://www.arclightcapital.com

About Leeward Renewable Energy, LLC

Leeward Renewable Energy, LLC is a renewable energy business with interests in eighteen U.S. wind farms with a total installed capacity of approximately 1,557 MW. For further information please visit our website: www.leewardenergy.com.

Logo - http://photos.prnewswire.com/prnh/20151028/281642LOGO 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arclight-capital-partners-announces-closing-of-transaction-to-acquire-infigen-energys-us-assets-300168337.html

SOURCE ArcLight Capital Partners, LLC


Source: PR Newswire (October 28, 2015 - 6:48 PM EDT)

News by QuoteMedia
www.quotemedia.com