GlidePath acquires wind portfolio in North Texas
Energy - AUGUST 20, 2019

GlidePath acquires wind portfolio in North Texas

by Released

GlidePath Power Solutions, an independent energy storage developer, has acquired a 149-megawatt portfolio of wind farms in North Texas. Terms of the sale were not disclosed.

The wind portfolio, acquired from Exelon Generation, comprises eight distributed wind energy projects located north of Amarillo that serve the Southwest Power Pool market.

The transaction adds to GlidePath’s operating portfolio of U.S. wind, solar and storage projects and provides the company with a unique opportunity to optimize the performance of the wind farms though the addition of battery storage.

This latest acquisition brings GlidePath’s operating portfolio to more than 445 megawatts, in addition to its development pipeline of more than 1 gigawatts of battery storage projects across the United States. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low-carbon and renewable energy infrastructure.

“The high penetration of wind energy in North Texas offers us an excellent opportunity to pair these facilities with the latest battery storage technology,” said David Braun, president of GlidePath Asset Management. “We look forward to managing these wind assets in a way that will hopefully strengthen reliability of supply in the local electric grid and deliver benefits for Texas power consumers.”

This acquisition follows GlidePath’s recent announcement of the Prospect Storage project, a 10-megawatts/megawatt per hour standalone battery project located in the ERCOT market about 50 miles south of Houston. Prospect Storage is currently in advanced construction.

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