ArcLight Capital launches $500m unit, SkyVest Renewables, to invest in wind/solar projects for data center electricity demand, acquiring a 160MW wind farm in West Texas.
ArcLight Capital Partners, a private equity firm, launched a $500m unit, SkyVest Renewables, to acquire and upgrade wind and solar projects to meet surging electricity demand from data centers. The investment vehicle made its debut deal with the purchase of a 160MW wind farm in West Texas. SkyVest will operate and optimise acquired sites in the wind and solar sectors, targeting operating utility-scale wind and solar assets in North America.
July 29, 2024
4 Articles