Stella Wind Farm
RWE agreed to divest a 24% stake in four south Texas onshore wind farms (861 MW total), including the Stella wind farm, to Greencoat for around $160 million.
$160M
Deal Value
24MW
Capacity
Wind
Technology
TX
Location
Deal Details
- Deal Type
- Minority stake sale
- Seller / Sponsor
- RWE
- Buyer / Financier
- Greencoat
- Deal Value
- $160M
- Stage
- operating
- ISO/RTO
- ERCOT
- Source
- RWE press release
Related Deals
Boiling Springs Wind — 120 MW wind, OK (SPP)
E.ON / RWE → Honda
Hardin Solar (Shelby County) — 110 MW (of 150 MW) solar, Tennessee (TVA)
RWE Renewables / TVA → Meta (Facebook)
New York Bight offshore wind lease auction — 6 lease areas (potential ~5.6 GW)
U.S. Department of the Interior / BOEM → Bight Wind (RWE+National Grid), Atlantic Shores (Shell+EDFR), Attentive Energy, OW Ocean Winds (EDPR+ENGIE), Invenergy, Mid-Atlantic Offshore Wind (CIP)
$4.37B (highest-grossing US offshore lease sale ever; incl. oil/gas)
Amazon Wind Farm Texas / Dermott Wind — 253 MW onshore wind, Scurry County, Texas (ERCOT). Original PPA signed Sept 2015 with Lincoln Clean Energy; LCE acquired by Ørsted Aug 2018. Project COD October 19, 2017.
Lincoln Clean Energy (acquired by Ørsted Aug 2018) → Amazon
Bethel Wind Energy Center — ~250 MW onshore wind, Castro County, Texas (ERCOT)
Southern Power / Invenergy → Google
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.