This latest acquisition brings GlidePath’s operating portfolio to over 445 MW, in addition to its development pipeline of more than 1 GW of battery storage projects across the US. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low-carbon and renewable energy infrastructure.
The wind portfolio, acquired from Exelon Generation, is comprised of eight distributed wind energy projects located north of Amarillo that serve the Southwest Power Pool (SPP) market. Terms of the sale were not disclosed.
GlidePath plans to explores opportunities to develop on-site battery storage systems for these projects, which it is believed would be the first battery storage projects in SPP territory.
“The high penetration of wind energy in North Texas offers us an excellent opportunity to pair these facilities with the latest battery storage technology,” said David Braun, President of GlidePath Asset Management.
This acquisition follows GlidePath’s recent announcement of the Prospect Storage project, a 10 MW/MWh standalone battery project located in the ERCOT market about 50 miles south of Houston. Prospect Storage is currently in advanced construction.
