Harbert Management Corp. (HMC) has announced that Gulf Pacific Power (GPP) has increased its cash-equity position in two wind portfolios — EGPNA Renewable Energy Holdings and Rocky Caney Holdings.
EGPNA owns a 785-megawatt portfolio of four operating wind projects, and Rocky Caney owns two operating wind projects totaling 349 megawatts. GPP acquired the additional interests from subsidiaries of Enel Green Power North America, Inc., which will continue to operate the portfolios.
Financial terms of the transaction were not disclosed.
The portfolios include the 235-megawatt Chisholm View facility in Grant and Garfield Counties, Oklahoma; the 200-megawatt Prairie Rose facility in Rock and Pipestone Counties, Minn.; the 200-megawatt Goodwell facility in Texas County, Okla.; the 150-megawatt Origin facility in Murray and Carter Counties, Okla.; the 200-megawatt Caney River facility in Elk County, Kan.; and the 149-megawatt Rocky Ridge facility in Kiowa and Washita C