Passadumkeag Windpark, LLC has filed papers with FERC seeking approval of a sale of the 40-MW wind project in Maine to Southern Renewable Energy, which is a subsidiary of Southern (NYSE:SO).
The March 11 filing seeks approval for selling Passadumkeag’s jurisdictional facilities from its managing member, Quantum Wind Acquisition I, LLC to the Southern subsidiary.
Back in November, FERC had approved the sale of Passadumkeag from Quantum to an affiliate of SunEdison. That transaction was not consummated and has been terminated, according to the application.
Passadumkeag is a Delaware limited liability company whose sole and managmg member is Quantum Wind. The facility is located about 30 miles northeast of Bangor, Maine in the ISO New England.
Passadumkeag requested that FERC grant expedited consideration and approval of the application. “Specifically, Passadumkeag requests that the Commission establish a 21-day comment period for this Application and issue an order granting the requested authorizations as soon as practicable but in no event later than April 11.
The parties entered into a purchase agreement on March 11.
The proposed transaction does not involve any merger and raises no “cross-subsidization concerns,” according to the filing.
The facility consists of 13 model Vestas V l12, Wind Turbine-Generators (each turbine-generator a WTG), a 34 .5 Kv overhead/underground electrical collection system, a 34 .5-115 Kv substation (the Substation), including an interconnect switch yard to Emera Maine.
Passadumkeag has entered into a 15-year power purchase agreement with Western Massachusetts Electric Co. (WMECO), a wholly-owned subsidiary of Eversource Energy.
Quantum is affiliated with Quantum Funding and Quantum Power Investment Partners.