Friday 19 May 2017

19 May 2017 - Texas, US-based investment manager Quinbrook Infrastructure Partners has acquired Colorado, US-based wind energy developer Scout Clean Energy to build out USD 1.7bn project pipeline, the company said.
Terms of the transaction were not disclosed.
Scout is developing a 1,600mw pipeline of US wind power projects that in aggregate represents more than USD 1.7bn in total capital investment and would generate enough emissions free power to serve the needs of nearly a .5m American households.
The Scout development portfolio is currently diversified across nine US states. The majority of Scout's projects qualify for US production tax credits for wind, which were recently extended by US Congress for an additional four years.
Quinbrook's said its investment in Scout aligns with its long-term strategy of building a larger scale portfolio of on-shore wind power projects in the United States.
Wind power recently surpassed conventional hydro to become the fourth largest supplier of electric power in the entire US Wind currently accounts for 5.5% of American electric power generation and with new cost and production efficiencies being realised, its share of generated electricity is expected to increase significantly by 2020.
Rucker and the Scout team together have originated, developed and completed nine wind power projects comprising 649mw of capacity across North America since 2011.
The Scout team's most recent successful development was the Mariah North Project, a 230mw West Texas project utilising General Electric wind turbines, which reached commercial operation at the end of 2016.
Quinbrook Infrastructure Partners specialises in investing in lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia. Quinbrook's investment and asset management team has offices in Houston, London, Jersey and the Gold Coast of Australia. Quinbrook currently manages Cape Byron Power, an Australian base-load renewable power generator.
Scout Clean Energy LLC is a wind power project developer and operator involved in over 16,000mw of wind projects from concept through construction completion across North America.