InfraRed to buy into 700MW US and Canadian wind portfolio

InfraRed Capital Partners has agreed to buy into four US and Canadian wind farms from renewables developer and energy utility Algonquin.

It is due to acquire a 49% stake in a portfolio of three operational US wind farms – the 149MW Deerfield in Michigan, 200MW Odell in Minnesota and 202MW Sugar Creek in Illinois – and an 80% stake in the 175MW Blue Hill in Saskatchewan, Canada. 

The transaction is expected to close in December 2022.