SKÆRBÆK, DENMARK AND FORD COUNTY, ILLINOIS, USA — Ørsted has announced that it has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois.
The acquisition of the wind farm located in Midwest Independent System Operator’s (MISO) territory, will further strengthen Ørsted’s presence in the region after its acquisition of the 302 MW Lincoln Land Wind facility last year.
Upon the closing of the acquisition, Ørsted will add 121 MW of operational wind to its portfolio in the US MISO market, which covers 15 states in the Midwest and the South.
“I’m pleased that we continue to diversify our Onshore portfolio with additional capacity in MISO Illinois and expand our relationship with Ares through the agreement to acquire Ford County Wind. We’re proud to work with new customers Mars, Silgan Containers, and BHJ USA and be able to support their decarbonization journeys,” said James Giamarino, Senior Vice President and Head of Project Finance & Business Development for Ørsted Onshore North America.
“We’re pleased to work with Ørsted again on this latest transaction and believe that the sale of the Ford County asset underscores the strength of our relationship and Ares’ commitment to creating high-quality climate infrastructure assets,” added Steve Porto, Partner in Ares Infrastructure Opportunities.
The acquisition is expected to be finalized later this year upon receipt of customary regulatory approvals.
Source: Ørsted