Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Goldwind Trades 160-MW Wind Project in McCulloch County
Goldwind Americas, a Chicago-based unit of Xinjiang Goldwind Science & Technology, has sold the 160-megawatt (MW) Rattlesnake Wind Project in McCulloch County. The buyer was an investment company advised by Exus Management Partners, an independent investment and asset management firm focused on the renewable energy sector. Terms weren’t disclosed.
“The sale of the Rattlesnake Wind Project underscores Goldwind’s strategic U.S. growth strategy and commercialization of Goldwind’s technology in one of the world’s largest and most complex wind markets,” said David Sale, CEO for Goldwind Americas.
The Rattlesnake Wind Project, located in central Texas, is comprised of 64 Goldwind GW109/2500 Permanent Magnet Direct-Drive turbines. The $250-million project purchased by Goldwind in 2016 reached commercial operation in 2018.
Marathon Capital LLC acted as Goldwind’s sell-side financial advisor. Under the terms of the deal, Goldwind Americas will continue to provide the project with long-term maintenance services.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
