SunEdison Inc., which owns wind power farms in Oakfield and Bingham, is selling those assets to Terra Nova Renewable Partners.
The deal, announced in a statement Friday, conveys 333 megawatts of wind power assets to Terra Nova for $209 million. Terra Nova Renewable Partners is an equity partnership formed between SunEdison and investors with J.P. Morgan Asset Management.
The partnership was formed in September 2015. Under its terms, J.P. Morgan’s clients are expected to provide equity to purchase renewable energy projects developed or purchased by SunEdison. Remaining project costs are expected to be funded with traditional, commercial bank debt and tax equity.
The two acquired projects are the 185-megawatt Bingham wind farm and 148-megawatt Oakfield wind farm. Construction on Oakfield Wind was completed this fall and it is now online and operating as the largest wind project in New England, according to the release.
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