LS Power has completed the acquisition of bp’s onshore wind operations in US, that is bp Wind Energy North America Inc., adding around 1,300 MW of operating wind capacity across 10 projects to its portfolio. The transaction has met all the required regulatory and closing conditions. Greenberg Traurig, LLP acted as the legal advisor, while Barclays and Santander served as financial advisors to LS Power for the acquisition.
The acquired wind business will be absorbed into Clearlight Energy, LS Power’s renewable platform that operates across US and Canada. The acquired wind projects are located across Indiana, Kansas, South Dakota, Colorado, Pennsylvania, Hawaii, and Idaho. Following this acquisition, Clearlight Energy will oversee approximately 4,300 MW of combined wind, solar, and battery storage projects.
Furthermore, these projects will expand LS Power’s existing mix of renewable generation, energy storage, flexible natural gas, and renewable fuels. With this acquisition, the company’s total operational portfolio in the country now exceeds 22,300 MW, alongside more than 780 miles of high-voltage transmission infrastructure.
