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Ørsted to acquire Illinois wind farm

May 23, 2022
Misc
Posted by Patrick Haddad

Ørsted has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy (‘Ares’).

The wind farm is located in Midwest Independent System Operator’s (MISO) territory, further strengthening Ørsted’s presence in the region. Ørsted acquired the 302 MW Lincoln Land Wind facility, also in MISO’s territory, from Ares last year.

James Giamarino, Senior Vice President and Head of Project Finance & Business Development for Ørsted Onshore North America, says: “I’m pleased that we continue to diversify our Onshore portfolio with additional capacity in MISO Illinois and expand our relationship with Ares through the agreement to acquire Ford County Wind. We’re proud to work with new customers Mars, Silgan Containers, and BHJ USA and be able to support their decarbonisation journeys.”

Steve Porto, Partner in Ares Infrastructure Opportunities, said: “We’re pleased to work with Ørsted again on this latest transaction and believe that the sale of the Ford County asset underscores the strength of our relationship and Ares’ commitment to creating high-quality climate infrastructure assets.”

The acquisition is expected to be finalised later this year upon receipt of customary regulatory approvals. Ford County Wind brings Ørsted Onshore’s US capacity in operation and under construction to approximately 4.4 GW.

Source and image: Orsted

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