Acciona Sells Half of Renewable Portfolio, Invenergy Acquires in Brazil

The Uptime Wind Energy Podcast

Acciona has identified around 6 GW of its global capacity for potential sale. Invenergy has partnered with Patria Investments to acquire a portfolio of wind power complexes in Brazil. Arclight Capital Partners has launched SkyVest Renewables, a new renewables initiative which has already acquired a 160 MW wind farm in Texas. Repsol is in talks to acquire the remaining 60% stake in Hecate Energy. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of Intel Store, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor.com. Arclight Capital Partners has launched SkyVest Renewables, a new initiative focused on operating and optimizing renewable energy assets. With an initial 500 million capital commitment, SkyVest has already acquired a 160 megawatt farm facility. And Texas, the company aims to target operating utility grade wind and solar assets in North America, implementing best practices to generate near term cashflow and mitigate risks. Phil, there should be a lot more companies entering this marketplace. It can be a big revenue generator. Philip Totaro: Well, and this follows on the trend that we've been talking about for months, which is, I mean, for those that don't know, ArcLight already has ArcLight Capital Partners, the, the kind of umbrella and parent of, of this infrastructure company. They already have some ownership of assets wind and solar throughout the U. S. It's a smaller portfolio, but they were kind of dipping their toe in the water, and now You know, standing up a new project development and asset management company with SkyVest is is fantastic to see. And I think, with the capital commitment they've got with 500 million, that's a good place to start. But in reality, there's probably a lot more coming and you should expect that that Arclight's going to be doing a lot to help them raise funds. and deploy that capital following on that, that trend of infrastructure companies doing, doing that throughout the globe. Joel Saxum: I know I talk about oil and gas and lessons learned and like things that can be taken from that sector, but in the oil and gas world, you'll see that people buy and sell oil fields left and right. There'll be group, large asset grabs or, or even a single well or something like this, but a lot of times it's a field. And we're starting to see that more and more in the wind industry, because what people will do in the oil industry is buy that field, optimize it, they'll do a little CO2 injection, or they'll do work over, bring in work over rigs, clean up the wells, get them working better, and then they'll dump it, sell it to someone else that wants to operate it. So we're seeing some more capital come into the space now where they're buying up wind farms, our ArcLight Capital, bought that 160 megawatt wind farm in Texas. And they'll optimize it, right? They'll put a little bit of money in it. They'll put some, do some best practices stuff and they'll get that thing running better. Whether it's through just best practices or whether it's through new sensor technologies or new LEP upgrades or lightning protection upgrades or wh...