Gulf Pacific Power Increases Stake in Two Wind Portfolios
Retrieved on:
Monday, June 27, 2022
BIRMINGHAM, Ala., June 27, 2022 (GLOBE NEWSWIRE) -- Harbert Management Corporation (HMC) is pleased to announce that Gulf Pacific Power, LLC (GPP) has increased its cash-equity position in two wind portfolios: EGPNA Renewable Energy Holdings, LLC, a holding company that owns a 785 MW portfolio of four operating wind projects, and Rocky Caney Holdings, LLC, a holding company owning two operating wind projects totaling 349 MW (together, the Portfolios).
Key Points:
- BIRMINGHAM, Ala., June 27, 2022 (GLOBE NEWSWIRE) -- Harbert Management Corporation (HMC) is pleased to announce that Gulf Pacific Power, LLC (GPP) has increased its cash-equity position in two wind portfolios: EGPNA Renewable Energy Holdings, LLC, a holding company that owns a 785 MW portfolio of four operating wind projects, and Rocky Caney Holdings, LLC, a holding company owning two operating wind projects totaling 349 MW (together, the Portfolios).
- GPP acquired the additional interests from subsidiaries of Enel Green Power North America, Inc. ("Enel"), who will continue to operate the Portfolios.
- Each of the projects benefit from long-term power purchase agreements with highly rated counterparties.
- Claude Estes, Head of Investments at Harbert Infrastructure, noted, We are thrilled to expand our ownership position in these two wind portfolios, as well as our relationship with our partner Enel.