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ArcLight Capital Partners, LLC today announced that their affiliate, Sequitur Renewables, LLC, entered into an agreement with affilliates of GlidePath Power Solutions LLC to acquire five wind farms in Pennsylvania and, West Virginia. The Portfolio has 185MW of operational capacity and sells power as well as renewable energy credits to the merchant PJM marketplace. Sequitur will also acquire 80MWh of GlidePath’s battery storage development opportunities. Closing is subject to the usual conditions.
“ArcLight is thrilled to re-enter the wind market with the creation of the Sequitur platform. Carter Ward, ArcLight Partner, said that this platform is a continuation of previous domestic wind-focused investments made in Leeward Renewables and Terra-Gen Power, and CPV Wind.
ArcLight affiliates recently announced milestones in development for the Long Beach Pier S BESS (330MWh) project in Long Beach California and the Luyster Creek BESS (540MWh) project in New York, New York.
“The Sequitur acquisition, and BESS development possibilities leverage ArcLight’s core expertise in power generator, renewables, and energy transition,” stated Dan Revers (Managing Partner at ArcLight).
“Arclight’s long history in wind operations will be of great value to these wind farms,” stated Chris McKissack Chief Executive Officer of GlidePath. He added that it will allow GlidePath’s investors and team to concentrate on their core business, which is deploying and operating energy storage projects.