Wind Capital Group LLC, the US wind business of Dublin-based renewable energy investor, NTR plc, has agreed to sell 350MW of operating US wind assets to Pattern Energy Group Inc. for a total consideration of US$244 million. The assets consist of Post Rock, located in Kansas, and Lost Creek, located in Missouri, which have been operating for an average of over three years. The sale of these assets is subject to regulatory approval and certain commercial consents.
Marathon Capital acted as the exclusive financial advisor to Wind Capital Group and NTR, conducting a controlled sale process to maximize value to the shareholders.
"Marathon's experience, industry technical knowledge, professionalism and thoughtfulness helped us achieve a tremendous result for our shareholders," said David Boyce, CEO of Wind Capital Group. "Wind Capital is extremely pleased with the Marathon-led process to sell these two assets."
"It has been a privilege to work with WCG and NTR on this transaction. These great assets were developed, built, and operated by a highly experienced team and have found a suitable long-term home within Pattern Energy," said Ted Brandt, CEO of Marathon Capital.
