07/25/2018

BluEarth Acquires 795 MW Wind Development Portfolio in Wyoming

BluEarth Renewables LP is pleased to announce its U.S. affiliate has completed the acquisition of a 795 MW wind development portfolio located in Wyoming from Intermountain Wind LLC, a Colorado-based wind developer.

Image: BlueEarth

BluEarth will advance the development of the portfolio towards commercial operation, and Paul Martin, President of Intermountain, will remain highly-involved through a development services agreement. Highlights of this acquisition include large-scale, secured land rights, a strong wind resource and the ability to develop the portfolio through a phased approach.

“This acquisition provides BluEarth with a significant growth opportunity in the United States that builds on our team’s development expertise,” said Grant Arnold, President and Chief Executive Officer. “We are pleased to continue our momentum in the United States following the recent acquisition of 80% interests in two operating wind facilities in Minnesota. BluEarth is excited to partner with Paul, an experienced local developer, as we work to bring this significant opportunity through development, construction and into operation over the next several years.”

This acquisition complements BluEarth’s existing development portfolio which includes over 400 MW of advanced development projects and a pipeline of early-stage opportunities.