Boston-based infrastructure investment firm ArcLight Capital Partners said Monday it launched a renewables energy investment group and acquired an operating wind farm of 160 megawatts in Midland Basin. ArcLight and renewables group SkyVest said they will target operating utility-scale wind and solar assets in North America. ArcLight said it is providing an initial commitment of $500 million. The wind farm began commercial operations in 2020.
Dan Revers, managing partner, said, “ArcLight has a deep history of investing in renewables dating back to our first fund (2001) focused on bringing operating excellence, innovation, power expertise and brownfield development skills to drive value and mitigate risk.” Carter Ward, partner, added, “We believe SkyVest has the resources required in today’s market to become one of the leading operators of wind and solar assets in the U.S.”