OMERS Infrastructure Management, the infrastructure management arm of the Ontario Municipal Employees Retirement System, has acquired Leeward Renewable Energy from affiliates of ArcLight Capital Partners.
Leeward is an owner, operator and developer of wind projects in the United States across 19 operating projects with a total installed capacity of 1.7 gigawatts. ArcLight acquired Leeward in 2015.
The transaction is expected to close in third quarter 2018 and remains subject to customary approvals. Wells Fargo Securities is serving as exclusive financial adviser to OMERS Infrastructure, and Shearman & Sterling is legal counsel. BofA Merrill Lynch acted as exclusive financial adviser to Leeward, and Latham & Watkins acted as legal adviser to Leeward.
