Connecticut, United States — American Wind Capital Company (AWCC) announced an agreement to acquire Wind Farm Capital (WFC), a Connecticut-based company that also acquires royalty assets. Financial details were not disclosed.
“We are thrilled to have the Wind Farm Capital group join our team,” said Charles Hinckley, AWCC’s CEO. “This rapid expansion of our business reflects the value we add for both large and small landowners of property that host renewable projects. Our products allow our landowner clients to receive the benefit of their renewable-related revenue stream today. And, as our customers benefit, they have enabled us to expand our service area from the East Coast to California during our first year of operation.”
Wind Farm Capital’s management team will join American Wind Capital. Jeff Keeler, an experienced professional in wind power development and acquisitions, joins as the VP of business development, and Justin Marron, a leader in managing royalty acquisitions in the wireless communications and utility businesses, joins as the VP of acquisitions.
Earlier this year, AWCC made a multi-million dollar acquisition of assets from Oak Creek Energy Systems Inc. (OCES), a California based developer, including a stake in the Tehachapi Wind Farm in California. The company also said that it plans to invest in more projects in Texas, following the recent close of an asset buy in that state.