• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Capital Power Acquires Buckthorn Wind, Receives Tax Equity Financing

April 2, 2020 by NA Windpower

Capital Power Corp. has successfully completed the acquisition of Buckthorn Wind from private investors. 

Buckthorn Wind is a 100.5 MW wind facility that is located in Erath County, approximately 60 miles south of Dallas. The facility began commercial operations in January 2018.

The equity purchase price will be in the range of $60 million to $69 million, pending the realization of future market performance. Capital Power is entering into a tax equity partnership with a tax equity balance of $68 million. The acquisition of Buckthorn Wind was previously announced and was 100% debt-financed.

In March, Capital Power’s Cardinal Point Wind project began commercial operations. The company received approximately $157 million in net tax equity financing from two U.S. financial institutions in exchange for Class A interests in a subsidiary of the company. The 150 MW Cardinal Point Wind facility, located in Illinois, is the third successful U.S. wind development project completed by Capital Power.

Capital Power owns over 6,400 MW of power generation capacity at 28 facilities across North America. Approximately 630 MW of owned generation capacity is in advanced development in Alberta.

Original source: North American Wind Power

Filed Under: Renewable, Wind

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Capital Dynamics Sells Majority Stake of Beacon Solar Portfolio
  • Kongsberg Supplying Monitoring Equipment to World’s Largest Floating Wind Project
  • The Hampton Roads Alliance Unveils Offshore Wind Initiative
  • ECO, Orsted and Eversource Execute Agreement for SOV
  • LineVision, OSIsoft Partner to Improve Grid Resiliency
  • Texas Oil Boomtowns Devastated by Coronavirus: Photos
  • The University of Maine Collaborates on Floating Offshore Wind Project
  • Cognite, WindSim Partner on Wind Farm Simulation Technology
  • Avangrid Renewables Submits COP for First Phase of Kitty Hawk Project
  • Emerson Agrees to Purchase OSI Inc.

Footer

Trending

  • Capital Dynamics Sells Majority Stake of Beacon Solar Portfolio
  • Kongsberg Supplying Monitoring Equipment to World’s Largest Floating Wind Project
  • The Hampton Roads Alliance Unveils Offshore Wind Initiative
  • ECO, Orsted and Eversource Execute Agreement for SOV
  • LineVision, OSIsoft Partner to Improve Grid Resiliency

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com