United States

United States

AMP Capital to invest $100 million in US wind

UNITED STATES: Australian private equity fund AMP Capital is to invest $100 million in US developer Capistrano Wind Partners.

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The money will be used to expand Capistrano's wind portfolio, which currently stands at around 413MW covering Texas, Wyoming and Nebraska.

Capistrano was founded last year with a $460 million investment by utiliyu Edison Mission Energy, financial services provider TIAA-CREF and Alaskan regional corporation Cook Inlet Region.

AMP did not give a timeline for the investment.

AMP Capital's head of infrastructure in Europe and North America, Boe Pahari, said: "The US wind energy market is already well established and is a rapidly growing sector of the energy generation market.

"North America is a key area of growth for AMP Capital’s infrastructure business. The investment in Capistrano Wind Partners will provide our investors with additional geographical diversification and exposure to a portfolio of high-quality wind projects."

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