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Skyline Renewables, LLC

Company Summary

Description

Skyline Renewables is a partnership between Transatlantic Holdings (TPH) and Ardian, a world-leading private investment house, created to establish a leading North American renewables platform with a total installed capacity of 3 GW. Skyline announced its first acquisition, Whirlwind, a 60MW windfarm in Texas, in March 2018 and its second Texas acquisition, Hackberry, a 166 MW wind farm, last month. Skyline is led by CEO, Martin Mugica, a leading executive within the US clean energy sector with expertise in wind, solar, natural gas fired generation and power trading activities. Skyline Renewables' leadership team features a number of the individuals who helped build and lead Iberdrola Renewables to become the second largest and fastest growing renewables energy company in the US, at that time.

Related Entities

Recent news

  • 2/12/2019 - Skyline Renewables... (subscriber access)
  • 11/26/2018 - NJR Clean Energy Sells... (subscriber access)
  • 10/22/2018 - Skyline Renewables... (subscriber access)

Company Transactions

Date: 2/12/2019
Type: Acquisition

BUYERS:
  • Skyline Renewables, LLC
    • SELLERS:
  • NJR Clean Energy Ventures Corporation
    • DETAILS:

    VOLUMES: 117 MW

    NOTES:
    Skyline Renewables purchased a 117 MW wind portfolio from NJR Clean Energy Ventures. The acquired wind farms are located in Iowa, Kansas, Pennsylvania, and Wyoming

    Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Skyline Renewables, LLC
    • SELLERS:
  • NJR Clean Energy Ventures Corporation
    • DETAILS:

    COST: 208.5 $MM

    NOTES:
    NJR Clean Energy reported the sale of its remaining 117 MW wind portfolio to a subsidiary of Skyline Renewables for $208.5 million. The transaction is expected to close on December 31, 2018, following FERC approval. Proceeds from the sale will reduce financing needs for NJR Clean Energy.

    Date: 10/22/2018
    Type: Acquisition

    BUYERS:
  • Skyline Renewables, LLC
    • SELLERS:
  • Starwood Energy Group
    • DETAILS:

    VOLUMES: 234.6 MW

    NOTES:
    Skyline Renewables Closed on Purchase of 51% Stake in Horse Creek & Electra Wind Farms from Starwood
    REGIONS:
  • ERCOT