GlidePath completes acquisition of 149MW wind farm portfolio in Texas
AUGUST 20, 2019

GlidePath completes acquisition of 149MW wind farm portfolio in Texas

by Kali Persall

Independent energy storage developer GlidePath Power Solutions has added a 149-megawatt portfolio of wind farms in North Texas to its operating portfolio of wind, solar and storage projects in the United States.

GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low-carbon and renewable energy infrastructure.

Purchased from Exelon Generation for an undisclosed amount, the wind portfolio is comprised of eight distributed wind energy projects located north of Amarillo that serve the southwest power pool market.

The company said the deal provides it with a unique opportunity to optimize the performance of the wind farms through the addition of battery storage systems, believed to be the first battery storage projects in southwest power pool territory.

“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.”

The acquisition brings GlidePath’s operating portfolio to more than 445 megawatts, with a development pipeline of more than 1 gigawatt of battery storage projects across the United States.

The transaction follows the announcement of a 10 MW/MWh standalone battery project, located 50 miles south of Houston. The project, called Prospect Storage, is currently in the advanced stages of construction.

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