Danish energy firm Ørsted is buying a 121MW onshore wind farm in the US from funds managed by Ares Management Corporation’s infrastructure opportunities strategy.
Ørsted said it has agreed to buy the Ford County Wind in Ford County, Illinois. Financial details were undisclosed.
The wind farm is located in Midwest Independent System Operator’s (MISO) territory. Last year, Ørsted acquired the 302MW Lincoln Land Wind facility, also in MISO’s territory, from Ares.
Ford County Wind brings Ørsted Onshore’s US capacity in operation and under construction to approximately 4.4GW.
James Giamarino, a senior vice president and head of project finance and business development for Ørsted Onshore North America, said: “I’m pleased that we continue to diversify our Onshore portfolio with additional capacity in MISO Illinois and expand our relationship with Ares through the agreement to acquire Ford County Wind.”
Steve Porto, a partner at Ares Infrastructure Opportunities, said: “We’re pleased to work with Ørsted again on this latest transaction and believe that the sale of the Ford County asset underscores the strength of our relationship and Ares’ commitment to creating high-quality climate infrastructure assets.”
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