UPC Energy Options, a three way partnership between ACEN, PivotGen and UPC Photo voltaic & Wind Investments, introduced at the moment the completion of its buy settlement with EDF Renewables North America. The closing of this settlement entails the acquisition of the lessee pursuits within the 38-MW Chestnut Flats working wind challenge situated close to Altoona, Pennsylvania. EDF Renewables will proceed to offer asset administration and operations and upkeep providers.
Chestnut Flats challenge. Credit score: EDF Renewables
Established in April 2022, UPC Energy Options is targeted on buying working wind initiatives in the US and exploring methods for extending helpful life and enhancing efficiency by preventative upkeep and new funding.
“The addition of this high-quality renewable asset will assist our long-term technique to construct a diversified fleet of working wind initiatives,” mentioned Tim Rosenzweig, chief govt officer of UPC Energy Options. “Our funding in Chestnut Flats will create financial alternative and preserve jobs in the area people.”
With this acquisition, the ninth challenge and second M&A closing in 2023, UPC Energy Options’ working portfolio has grown to over 170 MW of renewable energy era throughout a number of states in the US.
Information merchandise from UPC
Filed Below: Information, Initiatives
