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Skyline Seals $208.5M Wind Portfolio Acquisition

Nov 27, 2018 - Power, Finance and Risk

Skyline Renewables has agreed to pay $208.5 million for a mostly contracted 117 MW wind portfolio in a deal that will involve the associated tax equity going to another investor.

The owner of the portfolio, NJR Resources' subsidiary Clean Energy Ventures, intends to use the sale proceeds to reduce its external financing needs.

The portfolio comprises NJR's last four operating wind farms, three of which sell their output under long-term power purchase agreements. The facilities are:

- The 50.7 MW Alexander wind farm in Rush County, Kan., fitted with 21 Siemens turbines, which has been online since February 2016 and sells 25 MW of its output to Kansas City Board of Public Utilities under a 20-year...