A Quinbrook Infrastructure Partners fund has agreed to acquire a trio of operational and development-stage battery storage projects, located in Pennsylvania and West Virginia.
GlidePath Power, which is owned by Quinbrook Low Carbon Power Fund and develops battery storage facilities and distributed generation assets, is buying the projects from NextEra Energy Resources.
The parties to the deal have requested U.S. Federal Energy Regulatory Commission approval by March 4.
The three storage projects include the 18 MW Meyersdale Storage facility in Somerset County, Pa. which came online in Dec. 2015, as well as two development-stage projects - Waymart Storage and Backbone Mountain Storage.
The storage facilities will complement three of the six vintage wind farms purchased by GlidePath from NextEra early last year, all of which Quinbrook is repowering (PFR, 1/18/18).
The facilities are the 30 MW Meyersdale Windpower facility in Somerset County, Pa., the 66 MW Backbone Mountain Windpower facility in Tucker and Preston Counties, W. Va., and the 64.5 MW Waymart Wind Farm in Wayne and Lackawanna Counties, Pa.
Backbone Mountain and Waymart, which came online in 2002 and 2003 respectively, have power purchase agreements with Exelon Generation Co. expiring in 2022 and 2023. Meyersdale came online in 2003 and has a PPA with FirstEnergy Corp., also expiring in 2023.
Backbone Mountain, also known as Mountaineer Wind, was the first wind farm to be brought online in West Virginia. It is fitted with 44 NEG Micon 1.5 MW turbines.
Meyersdale is fitted with 20 NEG Micon 1.5 MW turbines while Waymart is fitted with 43 GE 1.5 MW turbines.
Los Angeles-headquartered law firm Paul Hastings is acting as legal adviser to GlidePath on the regulatory process.
Spokespeople for Quinbrook in New York and NextEra did not respond to inquiries regarding the use of financial advisers by press time.