199MW Wind Project Will Serve Evergy Customers
KANSAS CITY, Mo., Aug. 9, 2022 /PRNewswire/ -- Scout Clean Energy
(Scout), a Colorado based
renewable energy developer-owner-operator, and its joint venture
partner Elawan Energy, a global operator in the renewable energy
industry, today announced they have completed the sale of the
199-megawatt (MW) Persimmon Creek Wind Farm (Persimmon) in western
Oklahoma to Evergy, Inc (NYSE:
EVRG) for a total consideration of approximately $250 million.
Michael Rucker, CEO and founder
of Scout Clean Energy, said, "The Persimmon Creek Wind Farm has
been a reliable source of renewable energy over the last four years
making it a solid investment for Scout. We are excited to execute
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.
"Evergy continues to tap into the Midwest's affordable,
renewable energy resources to serve our customers," said
David Campbell, Evergy president and
CEO. "Expanding our portfolio of owned renewable generation
positions us to ensure customers receive the long-term benefits of
these assets."
Scout is a portfolio company of Quinbrook Infrastructure
Partners (Quinbrook), a global investment manager specializing in
lower carbon and renewable energy infrastructure.
"We are delighted that Evergy has agreed to purchase Persimmon
from Scout which will serve Evergy's renewable energy plans well
over the coming years. Persimmon was designed and constructed to a
very high standard by the Scout team and this is reflected in the
value achieved in this transaction," said David Scaysbrook of Quinbrook and Chairman
of Scout's Board of Directors. "Quinbrook continues to support
Scout's efforts as a leading renewables IPP in the US market to
build a diverse and growing wind, solar, and storage portfolio
which has rapidly expanded to over 15 GW in 24 states."
The sale of Persimmon Creek Wind Farm is expected to close in
the first quarter of 2023 and remains subject to closing
conditions, including regulatory approvals. Scout's legal advisor
was McDermott Will & Emery LLP
and Evergy's legal advisor on the transaction was Morgan, Lewis
& Bockius LLP.
Persimmon Creek Wind Farm Photo
Photo Credit:
Kipp Schorr
About Scout Clean Energy
Scout Clean Energy is a renewable energy developer,
owner-operator headquartered in Boulder,
Colorado with over 1,200 MW of operating assets. Scout is
actively developing a portfolio of over 15,000 MW of onshore wind,
solar PV, and battery storage projects across 24 US states. Scout
has expertise in all aspects of renewables project development,
permitting, power marketing, finance, construction, 24/7
operations, and asset management. Scout is a portfolio company of
Quinbrook Infrastructure Partners. For more information, please -
visit https://scoutcleanenergy.com/
About Evergy
Evergy, Inc. (NYSE: EVRG), serves 1.6 million customers in
Kansas and Missouri. Evergy's mission is to empower a
better future. Our focus remains on producing, transmitting and
delivering reliable, affordable, and sustainable energy for the
benefit of our stakeholders. Today, about half of Evergy's power
comes from carbon-free sources, creating more reliable energy with
less impact to the environment. We value innovation and
adaptability to give our customers better ways to manage their
energy use, to create a safe, diverse and inclusive workplace for
our employees, and to add value for our investors. Headquartered in
Kansas City, our employees are
active members of the communities we serve.
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is
a specialist investment manager focused exclusively on renewables,
storage and grid support infrastructure needed to drive the energy
transition n the US, UK, and Australia. Quinbrook is led and managed by a
senior team of power industry professionals who have collectively
invested c.USD 8.2 billion equity in
energy infrastructure assets since the early 1990s, representing a
total enterprise value of c.USD 28.7
billion or 19.5 GW of power supply capacity. Quinbrook has
completed a diverse range of direct investments in both utility and
distributed scale onshore wind and solar power, battery storage,
reserve peaking capacity, biomass, fugitive methane recovery, hydro
and flexible energy management solutions in the US, UK, and
Australia. Quinbrook is currently developing and constructing
some of the largest renewables and storage infrastructure projects
ever undertaken in the US, UK and Australia.
About Elawan Energy
Elawan Energy is a global operator in the renewable energy
industry with over 1.1 GW of wind, solar, and hydropower projects
in operation and over 11 GW of renewable energy under development.
Elawan offers integrated solutions along the green energy life
circle, from the promotion, development and construction of wind
farms, photovoltaic plants and hydropower plants until their
operation, maintenance and sale of the green energy produced.
Elawan Energy is part of the ORIX Group.
CONTACT: Chad
Thompson
chad@scoutcleanenergy.com
901.331.0779
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SOURCE Scout Clean Energy