Macquarie buys Idaho wind stake
Macquarie Infrastructure Company has invested $11.5m cash to obtain a non-controlling interest in Idaho Wind Partners 1, which owns several wind farms totaling 183MW nameplate capacity near Twin Falls.
Macquarie, based in New York City, did not disclose financial terms of the transaction.
Idaho Wind Partners 1 utilizes 122 General Electric 1.5MW wind turbines. Commercial operations began in late 2010 and early 2011. Seventeen years remain on a power off-take agreement with a local utility.
The deal increases the cumulative generating capacity of Macquarie’s
Contracted Power and Energy (CP&E) segment to approximately 96MW. The CP&E portfolio also includes five solar PV facilities.
“We continue to find good, accretive opportunities to deploy capital in our CP&E segment,” says MIC chief executive James Hooke. “We’re pleased to have acquired this stake in Idaho Wind Partners 1 and with it the opportunity to explore increasing our investment in the project over time.”
In addition to MIC, facility owners include GE Energy Financial Services, Atlantic Power and Ruby Renewable Resources.