The Federal Energy Regulatory Commission on May 23 approved Geronimo Renewable Infrastructure's sale of its ownership in the 114-MW Great Plains I wind farm to a joint venture between NGV Emerald and the Washington Investment Board.
The Great Plains wind facility is located in Hansford County, Texas, within the Southwest Power Pool Inc. The project sells all of its output into the wholesale market operated by SPP.
Upon closing, NGV Emerald, a subsidiary of National Grid PLC, will hold a 51% stake in the wind farm and the Washington Investment Board will hold the remaining 49% interest. Financial details of the transaction were not disclosed.
Geronimo Renewable Infrastructure is controlled via a 1% controlling general partnership interest by Geronimo Renewable Infrastructure Partners LP. (FERC docket EC19-73)