Goldwind Americas has sold its 160-MW Rattlesnake wind farm in Texas to an investment company advised by Exus Management Partners for an undisclosed amount. Located in Texas’ McCulloch County, the Rattlesnake wind park comprises 64 Goldwind GW GW109/2500 permanent magnet direct-drive (PMDD) turbines. It was brought live in 2018 and is selling power under a long-term fixed price energy hedge.
Goldwind Americas, a unit of Chinese wind turbine maker Xinjiang Goldwind Science & Technology, bought the project from UK-based Renewable Energy Systems (RES) in 2016. Following its sale, it will continue to provide long-term maintenance services for the power plant.
Marathon Capital LLC was Goldwind America’s exclusive sell-side financial advisor in the deal. Exus Management Partners is an independent investment and asset management firm focused on the renewables sector. It has 4.4 GW of capacity under management globally.
“The sale of the Rattlesnake underscores [our] strategic US growth strategy and commercialisation of Goldwind’s technology in one of the world’s largest and most complex wind markets,” said Goldwind Americas CE0 David Sale. Company chief financial officder Saad Qais added: “This transaction represents the start of a strong relationship between the Goldwind Group and Exus as it builds out an impressive pipeline of wind farms globally.”
REGlobal’s Views: The US wind industry is working at a torrid pace despite Covid-related challenges and is on track to set a national record for new capacity this year, led by Texas which, according to industry estimates, has 5.3 GW of wind projects under construction.