Activate Renewables acquires leases for 115 MW of US wind, solar

• United States realty and also royalties investor Activate Renewables today said it has closed the acquisition of a portfolio of wind and also solar residential or commercial property leases that can support over 115 MW of overall renewable energy generation capacity.

The firm has actually gotten the leases from a fund managed by the Infrastructure Opportunities approach of Ares Management Corp (NYSE: ARES) for an unrevealed amount.

The acquired portfolio includes properties situated throughout 3 states. They include long-lasting power purchase agreements (PPAs) with high-grade off-takers, the buyer stated in a declaration.

Activate Renewables assists US renewables designers in improving their returns and also enhancing capital efficiency by getting their land, lease or purchase choices. To day, the company has acquired or signed agreements to money acquisitions completing practically 7,000 solar acres and 57 wind turbines.

"This deal represented an optimal task for Activate, where we might deploy our low-cost, permanent funding to get an appealing portfolio," said Maria Klutey, head of state of Activate Renewables.