Sequitur Renewables, a subsidiary of ArcLight Capital Partners (ArcLight), has agreed to purchase a portfolio of operational wind farms in West Virginia and Pennsylvania. With affiliates of GlidePath Power Solutions, the company reached an agreement to purchase the portfolio. The portfolio sells power and renewable energy credits into the merchant PJM market and comprises five wind farms with a combined capacity of 185 MW.
Along with the wind portfolio, Sequitur is also purchasing BESS development opportunities totaling 80MWh. No financial details of both the deals have been disclosed. Two ArcLight affiliates have reached development milestones for two BESS projects in the US. These include the 540 MWh Luyster Creek in New York, and the 335 MWh Long Beach Pier S in California.
In March 2022, ArcLight gave service contracts to energy asset management company Consolidated Asset Management Services (CAMS) for their 10 GW power generating portfolio. CAMS would provide operations and maintenance and asset management services for the power plants under the conditions of the contract. As per the company’s statement, the power generating assets are diversified across markets, which could allow renewable resources to be integrated in the future.
