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