Its newly created affiliate Zephyr Wind Energy will acquire six projects in northern and western New York from wind developer Noble Environmental Power.
The transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2018.
Financial terms of the acquisition have not been disclosed.
The to-be acquired wind farms are:
- The 100.5MW Clinton project in Clinton county in the north-east corner of the state;
- The 97.5MW Altona project in Clinton county;
- The 81MW Ellenburg project in Clinton county;
- The 126MW Wethersfield project in Wyoming county in the west of the state;
- The 100.5MW Bliss project in Wyoming county;
- And the 106.5MW Chateaugay project in Franklin county in the north of the state.
Matt O’Connor, the investment group’s managing director and the head of Carlyle Power Partners, said: "We are excited to acquire this platform, which brings important diversification to [our] portfolio."
The acquisition will increase Carlyle Power Partners’ portfolio to a net capacity of approximately 7GW, the group said. Its power portfolio currently consists of natural gas-fired cycle power plants and coal stoker-fired boiler power facilities in the United States. The company has also previously invested in, and then sold, solar PV projects.
Noble Environmental Power also owns the 114MW Great Plains wind farm in Texas.
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