GlidePath Acquires Six Operating Wind Projects

NEW YORK — Quinbrook Infrastructure Partners (“Quinbrook”), a global investment manager specializing in lower carbon and renewable energy infrastructure, announced today that it has acquired a 223 Megawatt (MW) operational wind power portfolio from subsidiaries of NextEra Energy Resources, LLC. The well-diversified wind portfolio has more than 10 years of operating history and contracted power sales to multiple investment-grade utilities. Financial terms were not disclosed.

The acquisition was made by GlidePath Power Solutions LLC (“GlidePath”), a Quinbrook portfolio company acquired by the Quinbrook Low Carbon Power Fund in 2017. GlidePath is a developer of distributed power solutions across the U.S. spanning wind, solar, distributed gas and battery storage. Quinbrook’s latest wind acquisition adds contracted, cash-yielding assets to GlidePath’s existing project development pipeline, which exceeds 600 MW of planned distributed power and battery storage projects in the U.S.

Read more in Windpower Monthly.