Power Sustainable’s renewable energy platform has sold half of a operating wind facility located in Midwestern US to Hamilton Lane and Grosvenor.
Power Sustainable Energy Infrastructure (PSEI) has sold a 49.9% interest in the Big Sky Wind facility in Illinois to funds managed by the two private market firms for an undisclosed amount.
PSEI, which will retain a majority interest in the asset and continue to oversee its operations, said the transaction aligns with its strategy of partnering with long-term institutional investors and recycling capital to fund new investments across its portfolio.
Pierre-Olivier Perras, managing partner at PSEI, said: ”We are pleased to partner with Hamilton Lane and Grosvenor on Big Sky Wind. This transaction highlights the quality of the asset and reflects our disciplined approach to active portfolio management and capital recycling, enabling us to reinvest in new opportunities and continue to scale our platform.”
Taylor McManus, principal, infrastructure investment team at Hamilton Lane, said: “We are happy to be partnering with Power Sustainable, a proven investor and operator of renewable power generation across North America.
“This was a unique opportunity to invest in an operating wind asset with a strong contractual framework, an attractive risk return profile and transaction dynamics.”
Kevin Pellecchia,, executive director, infrastructure investments at Grosvenor, said: ”Big Sky Wind is a high-quality, asset with a strong operating profile and exposure to a constructive US power market.
“Our investment reflects a focus on accessing established infrastructure assets alongside experienced sponsors, where we see the potential for durable cash flows and long-term value creation.”
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