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Ardian, TPH launch new platform for US renewable energy market

CTBR Staff Writer Published 06 March 2018

French private equity and investment company Ardian has partnered with Transatlantic Power Holdings (TPH) to form Skyline Renewables, a new renewable energy platform in the US.

Skyline Renewables will focus on purchase of operating and development stage project in the onshore wind segment. The company aims to build a major clean independent power platform in North America, with a total installed capacity of 3GW. 

As part of this strategy, the new company has acquired a 60MW Whirlwind wind farm in Floyd County, North-West Texas. The wind farm has 26 turbines and was acquired from Renewable Energy Systems Americas Development.

The company stated that the acquisition included the buyout of tax equity interests from JP Morgan and cash equity interests from RES Americas.

Ardian infrastructure head and executive committee member Mathias Burghardt 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.”

TPH was established in 2016 by Martin Mugica and Lorenzo Roccia along with a group of private investors. Mugica has more than 20 years of experience and most recently he worked at Iberdrola Renewables as president and CEO.

In the new company Skyline Renewables, Mugica will serve as the CEO and Roccia will serve the company’s chairman.  

TPH president and CEO Martin Mugica said: “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.”

Image: Skyline Renewables to attain 3GW capacity. Photo: Courtesy of Ilja Wanka/FreeImages.com.