Wagner Wind has a 20-year power purchase agreement, with approximately 15 years remaining as of the acquisition date. BayWa r.e. developed and constructed the facility which it placed in service in Q4 2012 and has operated continuously since that time.
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Charles Wheeler, CEO of Greenbacker:
Adding a wind asset contiguous to our Golden Horizons solar facility in Palm Springs provides significant operational efficiencies in the ongoing management of both assets. As we strategically expand our portfolio of wind assets, we continue to focus on the broader strategy of acquiring premier commercial renewable energy assets with high-quality off-takers.
With this acquisition, Greenbacker now owns 61.5 megawatts of wind power assets.
The sale of our Wagner Wind project rounds up a successful year for our U.S. wind business and is the third project sold in 2017. We are preparing the next projects for construction and are looking forward to transacting with buyers and sellers on exciting projects.
Image credit: By Coastergeekperson04 at English Wikipedia, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=7333747
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.