Australia’s AMP Capital is set to invest $100m into Capistrano Wind Partners, which was established to develop a portfolio of US wind farms.
It owns five operational facilities with a combined capacity of 413MW in Nebraska, Texas and Wyoming.
AMP is contributing funds in combination with a consortium of unnamed infrastructure investors.
Boe Pahari, AMP head of infrastructure Europe and North America, said, ‘We are pleased to invest in Capistrano Wind Partners. The US wind energy market is already well established and is a rapidly growing sector of the energy generation market.
‘North America is a key area of growth for AMP Capital’s infrastructure business. The investment in Capistrano Wind Partners will provide our investors with additional geographical diversification and exposure to a portfolio of high-quality wind projects.’
Pedro Pizarro, president of Edison Mission Energy, added, ‘We consider AMP Capital’s participation to be an important statement of confidence in EME’s record of developing, operating and managing wind energy projects, and in the Capistrano investment vehicle that was developed by TIAA-CREF, CIRI and EME.
‘We look forward to working with all the partners to explore potential additional wind project opportunities for the Capistrano portfolio.’
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