Copenhagen Infrastructure II and Copenhagen Infrastructure Partners announced recently that they have acquired the rights to more than 500 MW of wind projects being developed in Texas.
Copenhagen Infrastructure said that it is acquiring 100% of Bearkat Renewable Energy Project, LLC (366 MW) in Glasscock County, Texas and Blue Cloud Renewable Energy Project, LLC (150 MW) in Bailey and Lamb Counties, Texas.
The projects are developed by TriGlobal Energy in cooperation with the local communities. TriGlobal Energy will continue to assist Copenhagen Infrastructure Partners with the development towards financial close and the projects are planned to be fully operational before 2018 and qualify for 100% Production Tax Credits.
No purchase price was disclosed. TriGlobal and Bearkat Renewable Energy evidently filed an application with the Glasscock County Independent School District in November 2013.
Based in Copenhagen, Denmark, Copenhagen Infrastructure Partners is a multinational team with extensive experience and knowledge within the fields of regulated infrastructure and renewable energy, according to the CIP website.
“All partners have a corporate background and have held top management positions at inter alia DONG Energy,” the company goes on to state. “The partners have managed, been directly involved in and responsible for the construction and operation of some of Europe’s largest energy projects.”