Power Sustainable Sells 49.9% Stake in 240 MW Big Sky Wind Farm in Illinois to Hamilton Lane and GCM Grosvenor
Power Sustainable Energy Infrastructure (PSEI) has completed the sale of a 49.9% interest in Big Sky Wind, a 240 MW fully repowered operating wind facility in Illinois, to funds managed by Hamilton Lane and GCM Grosvenor. PSEI retains a majority stake and continues to oversee operations. The transaction reflects PSEI's capital recycling strategy to fund new renewable energy investments.
Transaction date: · Source: hamiltonlane.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 240 MW
- Transaction price
- Not disclosed
- Country
- United States
- Region
- Illinois
- Location
- Illinois, USA (PJM market)
- Continent
- North America
- Development status
- Operational
- PPA
- Yes
Technology details
240 MW operating wind facility, fully repowered in 2022. Located in the PJM market with high availability and stable cash flows. Strong performance track record post-repowering.
Power purchase agreement (PPA)
Asset is supported by a strong contractual framework providing stable cash flows. Further details not disclosed.
Additional information
PSEI sells a 49.9% interest and retains a majority stake, continuing to oversee operations. Transaction reflects PSEI's capital recycling strategy to fund new portfolio investments. Asset is supported by a strong contractual framework. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW).
Source
Original announcement: https://www.hamiltonlane.com/en-us/news/power-sustainable-big-sky-deal