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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.
Parties
Company
Fengate Asset Management Ltd.
Company
Greenbacker Renewable Energy
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 105,000,000Deal Status
ClosedClosing Date
25 July 2023