The 196.7-MW Texas wind farm will consist of 57 Vestas wind turbines and is expected to commence commercial operations later this year.
K2 Management advised on Copenhagen Infrastructure Partners’ (CiP) equity investment in Bearkat I onshore wind farm in the U.S., which has just reached financial close.
The 196.7-MW wind farm, in Glasscock County, Texas, will consist of 57 Vestas V126-3.45 MW turbines and is expected to commence commercial operations later this year.
The assignment saw K2 Management’s North American team deliver detailed acquisition due diligence and advisory support over a five-month contract. The scope of work included a technical review of the project, consultation on CapEx and OpEx budgets, environmental permitting and crossing agreements, and the review and de-risking of the EPC, turbine supply, and all O&M contracts.
“The successful completion of this assignment further strengthens CIP and K2 Management’s ongoing relationship after we supported its investment in Fluvanna onshore wind farm in 2016,” said Carsten Ploug Jensen, US MD at K2 Management. “We will look forward to working with CIP again on future projects as it continues to grow its global portfolio.”
Filed Under: News, Projects
