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Capistrano Wind Partners

Company Summary

Recent news

  • 6/28/2022 - Clearway Energy Enters... (subscriber access)

Company Transactions

Date: 6/28/2022
Type: Acquisition

BUYERS:
  • Clearway Energy
  • DETAILS:

    COST: 255 $MM

    VOLUMES: 413 MW

    NOTES:
    Clearway Energy has announced it will acquire wind projects from Capistrano Wind Partners for $255 million in cash on top of ~$160 million of non-recourse debt, which is a type of loan secured by collateral. There will be five operational utility-scale wind projects in the portfolio located in Texas, Nebraska, and Wyoming and they are capable of producing a cumulative 413 MW. Clearway Energy Group will continue to operate the projects and has offered up $10 million to Capistrano for an "exclusive right to develop, construct, and repower the projects in the Capistrano Portfolio".