ClearGen Announces the Acquisition of Partnership Interests in 25 Wind Farms Totaling 1.4 Net GW from MUFG

ClearGen LLC, a portfolio company of Blackstone Credit’s Sustainable Resources Platform, announced an investment in a portfolio of partnership interests in 25 wind farms totaling 1.4 net GW of existing generation capacity throughout the United States. The Sustainable Investing Group within Goldman Sachs’ Asset Management (Goldman Sachs) provided tax equity to ClearGen to support the acquisition of the interests from MUFG.

“ClearGen is excited to provide a unique solution to MUFG by utilizing Blackstone Credit’s efficient cost of capital and the partnership with Goldman,” said Rob Howard, ClearGen’s CEO. “The transaction adds significant scale to our portfolio of diversified, contracted renewable energy holdings.”

“Goldman Sachs is pleased to partner with ClearGen and the Blackstone Credit team on the acquisition of MUFG’s wind portfolio,” said Vikas Agrawal, Managing Director, Goldman Sachs. “Goldman has been an investor in renewable energy projects for almost two decades and is excited to have the opportunity to substantially increase its commitment to the renewable energy sector through this investment.”

MUFG was represented by CCA Capital LLC, and ClearGen and Goldman Sachs were represented by CohnReznick Capital. As part of the transaction, Bank of America, Crédit Agricole Corporate and Investment Bank and Societe Generale provided financing to ClearGen. Legal representation included Mayer Brown for ClearGen, O’Melveny & Meyers for Goldman Sachs and Milbank for MUFG and the lenders.

ClearGen | www.clear-gen.com 

Mitsubishi UFJ Financial Group |  https://www.mufg.jp/english