Michael Rucker, CEO and founder of Scout Clean Energy, said, "The Persimmon Creek Wind Farm has proven to be a reliable source of renewable energy over the last five years making it a solid investment for Scout. We are excited to finalize the sale to Evergy as it seeks to deliver carbon-free wind energy directly to their customers."
Persimmon achieved commercial operation in 2018 with 80 General Electric turbines across 17,000 acres in Dewey, Ellis and Woodward counties in Oklahoma. The renewable energy generated from Persimmon will serve customers in Evergy's service area.
"The completion of the Persimmon Creek sale positions Scout to provide a significant return on the capital invested," explained Rucker. "As a part of the existing operations agreement, Scout will continue servicing the project through the end of this year."
Scout, now a portfolio company of Brookfield Renewable, is approaching six months under Brookfield's ownership and continues to execute on its significant growth plans. Since the beginning of the year, Scout has finalized the sale of Persimmon Creek with the proceeds being deployed back into new development projects, started construction on the 200MW Sweetland Wind Farm in South Dakota, and is raising financing for its 209MW Markum Solar project in Texas, which will start construction later this year. Scout remains focused on the construction and development of its pipeline of 16.5 GW of Wind, Solar, and Battery Storage projects across 22 states.
Scout's legal advisor was McDermott Will & Emery LLP and Evergy's legal advisor on the transaction was Morgan, Lewis & Bockius LLP.