Parties
Company
Fengate Asset Management Ltd.
Company
Greenbacker Renewable Energy
Fengate Asset Management Ltd. has completed the sale of the 72.6 MW Weaver wind project in Hancock County, Maine, United States to Greenbacker Renewable Energy in a deal valued at $105 million.
Fengate is an alternative investment manager focused on infrastructure, private equity and real estate strategies. Its renewable energy portfolio includes a strategic roster of wind, solar, hydro, and biomass projects in Canada, the United States and the United Kingdom.
Davies Ward Phillips & Vineberg LLP represented Fengate with a team that included William Buchner, Marc Pontone and Todd Wierenga; Jim Dinning (Competition); Andrew Ellis, Jennifer Lee and Jonathan Rhein (Tax).
Stoel Rives LLP acted as counsel to Greenbacker with a team that included Mary G. Sennes, Derek Zha and Jessica L. Bayles.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 105,000,000Deal Status
ClosedClosing Date
25 July 2023