Ardian Infrastructure Partners with TPH to Create Skyline Renewables and Acquires 60 MW Wind Project in Texas
Leveraging deep industry expertise, Skyline Renewables to develop
portfolio of US renewables projects
Skyline Renewables closes on acquisition of windfarm in North-West Texas
NEW YORK–(BUSINESS WIRE)–#energy—Ardian,
a $67 billion world-leading private investment house, today announces a
partnership with Transatlantic Power Holdings (TPH) to build a renewable
platform based in the United States, Skyline Renewables. Skyline
Renewables’ first acquisition is Whirlwind, a wind project in Texas from
Renewable Energy Systems Americas Development, Inc.
Skyline Renewables completed its first acquisition, Whirlwind Energy, a
windfarm comprised of 26 turbines with a total capacity of 60 MW,
located in Floyd county in the North-West of Texas. The acquisition
included the buyout of tax equity interests from JP Morgan and cash
equity interests from RES Americas.
Skyline Renewables will focus on acquiring operating and development
projects in the onshore wind sector. Skyline Renewables plans to build
one of the leading North American clean independent power platforms with
a total installed capacity of 3 GW.
TPH, was founded in 2016 by Martin Mugica and Lorenzo Roccia with a
group of private investors. Mr. Mugica is an industry veteran with more
than 20 years of experience most recently as the former President and
CEO of Iberdrola Renewables. During his tenure at Iberdrola, Mr. Mugica
and his management team built Iberdrola into the second largest
renewable player in North America via systematic acquisitions and
organic growth. Mr. Roccia will serve as Skyline’s Chairman and Mr.
Mugica will serve as Skyline’s CEO. The company’s senior management team
includes additional veterans from the Iberdrola Renewables team, Vikram
Bakshi, Victor Austin and Manuel Ramos.
Mathias Burghardt, Member of the Executive Committee, Head of Ardian
Infrastructure, said: “Ardian Infrastructure stands for innovation and
the careful pursuit of superior returns. It is important for us to work
with experienced local partners, and as we carefully expand Ardian’s
activities in the North American market, we are delighted to partner
with TPH which has an established track record of excellence in US
renewables.”
Stefano Mion, Managing Director and co-head of Ardian Infrastructure US,
said “TPH has an exceptionally strong team and a clear strategy for
success. We are excited to leverage its deep industry expertise and
considerable relationships for sourcing and pursuing new investment
opportunities in the North American renewables sector. While our vision
for Skyline Renewables is broad, Whirlwind is the ideal first
investment, one in which we can actively manage the asset and optimize
returns.”
Martin Mugica, President and CEO of TPH added “Our partnership with
Ardian, a company known for its sophisticated understanding of the
infrastructure market, has provided both the resources and support to
deliver on our strategy for building a leading North American power
producer. There are great opportunities ahead and we are looking forward
to taking advantage of them with Ardian’s full support.”
ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of
US$67bn managed or advised in Europe, North America and Asia. The
company is majority-owned by its employees. It keeps entrepreneurship at
its heart and focuses on delivering excellent investment performance to
its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s
activities fuel individual, corporate and economic growth around the
world.
Holding close its core values of excellence, loyalty and
entrepreneurship, Ardian maintains a truly global network, with more
than 490 employees working from thirteen offices across Europe
(Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and
Zurich), North America (New York, San Francisco) and Asia (Beijing,
Singapore, Tokyo). It manages funds on behalf of c.700 clients through
five pillars of investment expertise: Funds of Funds, Direct Funds,
Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian
Contacts
ARDIAN US PRESS
The Neibart Group
Emma Murphy,
+1-718-875-4545
Cell: +1-347-968-6800
[email protected]
