{"id":1004148330,"date":"2016-07-22T13:44:20","date_gmt":"2016-07-22T21:44:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004148330"},"modified":"2020-04-14T23:03:49","modified_gmt":"2020-04-15T07:03:49","slug":"northleaf-capital-takes-texas-size-renewable-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northleaf-capital-takes-texas-size-renewable-portfolio\/","title":{"rendered":"Northleaf Capital Takes Texas-Size Renewable Portfolio"},"content":{"rendered":"<p>By Anca Gagiuc, Associate Editor<\/p>\n<div id=\"attachment_1004148331\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004148331\" data-attachment-id=\"1004148331\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/northleaf-capital-takes-texas-size-renewable-portfolio\/cotton-plains-wind-map\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg\" data-orig-size=\"932,630\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cotton Plains Wind map\" data-image-description=\"&lt;p&gt;Cotton Plains Wind map&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Cotton Plains Wind map&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg?w=932\" class=\"wp-image-1004148331 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg\" alt=\"Cotton Plains Wind map\" width=\"300\" height=\"203\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg 932w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg?resize=300,203 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Cotton-Plains-Wind-map.jpg?resize=768,519 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004148331\" class=\"wp-caption-text\"><em>Cotton Plains Wind map<\/em><\/p><\/div>\n<p><strong>Charlottesville, Va<\/strong>.\u2014\u00a0<a href=\"https:\/\/www.northleafcapital.com\/\" target=\"_blank\" rel=\"nofollow\">Northleaf Capital Partners<\/a>\u00a0has acquired a majority stake in a \u00a0217-megawatt\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/sustainability\/\" target=\"_blank\">renewable energy<\/a> portfolio from\u00a0Virginia-based <a href=\"https:\/\/www.apexcleanenergy.com\/\" target=\"_blank\" rel=\"nofollow\">Apex Clean Energy<\/a>.<\/p>\n<p>Located in Texas, the portfolio includes \u00a0 two wind farms in Floyd County: Cotton Plains Wind, a\u00a050.4-megawatt facility, and and Old Settler Wind, which has a 151.2-megawatt generating capacity.\u00a0The third component is Phantom Solar, a 15.4-megawatt project under construction at the U.S. Army Garrison Fort Hood in Killeen.<\/p>\n<p>\u201cDirect investments in fully contracted wind and solar assets are on strategy for Northleaf\u2019s program, as they offer predictable long-term cash flows and returns for our investors,\u201d said Jared Waldron, a director at the Toronto-based investment management firm, in a statement. \u201cThe partnership with Apex is very strategic to us, given its track record as a leading renewable energy company.\u201d Financial details of the transaction were not disclosed.<\/p>\n<p>Under terms of a deal announced in January, the Defense Logistics Agency, which handles a wide range of procurement duties for the U.S. military, will buy power for\u00a0Fort Hood from Cotton Plains and Phantom Solar. Old Settler Wind will generate enough energy to power 51,000 average U.S. homes. Apex will provide asset management services for all three facilities.<\/p>\n<p>\u201cThe project achieves a number of \u2018firsts,\u2019 with on-site solar and off-site wind creating a hybrid solution to provide more than 50 percent of the annual load at Fort Hood, and at the same time saving taxpayers an estimated $168 million in direct energy costs over the life of the project,\u201d\u00a0added Mark Goodwin, president of Charlottesville, Va.-based Apex.<\/p>\n<p>The balance-of-plant contractor on the wind projects is <a href=\"https:\/\/www.fageninc.com\/\" target=\"_blank\" rel=\"nofollow\">Fagen Inc.<\/a>, while Phoenix Solar\u00a0is leading construction on the solar component. Upon completion, the wind projects will incorporate 84 GE 2.4-megawatt turbines between them.<\/p>\n<p><em>Image courtesy of Apex Clean Energy<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The transaction enables U.S. Army\u2019s largest renewable energy PPA.<\/p>\n","protected":false},"author":237,"featured_media":1004148331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,21786],"tags":[],"class_list":["post-1004148330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northleaf Capital Takes Texas-Size Renewable Portfolio - 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