The infrastructure arm of global alternative asset management firm GCM Grosvenor has acquired a 25 percent equity interest in Shepherds Flat, the largest repowered wind farm in North America.
The sellers were Brookfield Asset Management and its institutional partners, including its listed affiliate Brookfield Renewable. Financial terms were not disclosed.
Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 megawatts. The wind farm produces more than 2,000 gigawatt-hours of electricity annually, which is enough to power approximately 185,000 average U.S. households and is fully supported by a long-term contract with a large-scale utility.
As part of the transaction, the Shepherds Flat partnership said it has adopted a responsible contractor policy that will apply to any material construction work at the site.
“We believe Shepherds Flat presents a rare opportunity to invest in a hig