MEAG, the asset management subsidiary of the Munich Re Group, has sold its minority stake in the Horse Creek and Electra onshore wind farms in Texas, US, to Ardian, an existing investor in the projects.
The deal brings to a close an investment held by MEAG in the wind farms since 2017.
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Horse Creek and Electra have been generating electricity since 2016. Together, they provide 460MW of renewable energy within the Electric Reliability Council of Texas (ERCOT) power market in Texas.
Ardian, a global private investment firm and a long-term partner in these assets, now takes full ownership of both wind farms.
MEAG New York deal lead Gabriel Wagner said: “We appreciate the very constructive partnership with Ardian over the years and believe the transaction positions the assets well for the next phase of their life cycle.”
Ardian Infrastructure director Olivia Genereux said: “We thank MEAG for a constructive and collaborative partnership over the years. Consolidating full ownership of Horse Creek and Electra gives us the platform and flexibility to execute the next phase of our asset management plan to unlock their full potential.
“We look forward to the next chapter for these assets and to their continued role in one of the most dynamic power markets in the US.”
Holland & Knight acted as legal adviser to MEAG. For Ardian, Gibson, Dunn & Crutcher and McGuireWoods acted as legal counsels. Santander served as financial adviser.
MEAG manages assets totalling around $433.7bn (€374bn), of which approximately €63bn are for external investors.
In October 2025, Ardian signed a definitive agreement to acquire the entire shareholding of Energia Group from I Squared Capital.
