POST Online Media Lite Edition


Skyline Renewables signs agreement to acquire second wind farm in NW Texas

Staff Writer |
Skyline Renewables has agreed to acquire its second power generation asset, the 166 MW Hackberry Wind Farm in NW Texas, from Renewable Energy Systems Americas(RES).

Article continues below

The Hackberry Wind Farm in Shackelford County, Texas was established in 2008. It has 72 wind turbines and a PPA with the City of Austin.

The Skyline Renewables acquisition entails a clean-up of the existing capital structure of the project, including the buyout of tax equity interests from GE Energy Financial Services and cash equity interests from RES as well a restructuring of the project debt facility. RES will continue to provide operations support for Hackberry during the transition of ownership.

Skyline Renewables announced its first acquisition in March 2018, the 60 MW Whirlwind project, also in NW Texas.

What to read next

Amazon to build wind farm with power for 90,000 homes
Greencoat buys Bishopthorpe Wind Farm for £47m
E.ON is extending its renewables business in U.S.