GlidePath Power acquires eight windfarms in North Texas

21 August 2019 (Last Updated August 21st, 2019 11:54)

GlidePath Power Solutions, a portfolio company of Quinbrook Infrastructure Partners, has acquired a 149MW portfolio of wind farms in North Texas from Exelon Generation, for an undisclosed sum.

GlidePath Power acquires eight windfarms in North Texas
GlidePath acquires 149MW wind portfolio in North Texas, plans for battery storage expansion. Credit: GlidePath.

GlidePath Power Solutions, a portfolio company of Quinbrook Infrastructure Partners, has acquired a 149MW portfolio of windfarms in North Texas from Exelon Generation for an undisclosed sum.

The acquired portfolio consists of eight distributed wind energy projects located north of Amarillo serving the Southwest Power Pool (SPP) market.

GlidePath Asset Management president David Braun said: “The high penetration of wind energy in North Texas offers us an excellent opportunity to pair these facilities with the latest battery storage technology.

“We look forward to managing these wind assets in a way that will hopefully strengthen the reliability of supply in the local electric grid and deliver benefits for Texas power consumers.”

Through the latest acquisition, GlidePath has further expanded its portfolio of wind, solar and storage projects in the US. Additionally, the company is planning to enhance the windfarm performance with the addition of battery storage systems.

With the latest deal GlidePath currently has an operating portfolio of more than 445MW in the US, in addition to 1GW of battery storage projects in the development pipeline.

The battery storage projects pipeline includes new facilities that are at the various stages of permitting approval, with pre-construction planning being developed in New York, Texas and across the service territory of PJM grid.

Quinbrook is an investment management firm, which is focused on lower carbon and renewable energy infrastructures the US, Australia and the UK.