Longroad Energy Services today announced it will execute, manage and operate five EverPower Wind Holdings-owned wind projects in Pennsylvania, New York, and California. Accordingly, the company now manages nearly 3.5 GW of wind and solar projects in the US.
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Longroad Energy Services on its services contract
Longroad Energy Holdings affiliate, Longroad Energy Services, today announced the execution of long-term asset management and operations for five EverPower Wind Holdings-owned wind projects in PA, NY, and CA. In fact, those total 449 MW. Accordingly, the US-based renewable energy developer, owner, and operator, now manages nearly 3.5 GW of wind and solar projects.
Moreover, the services’ scope consists of all back-office functions, including accounting, treasury, financial reporting, and overall commercial asset management. Besides, Longroad will provide 24/7 remote monitoring, engineering, and onsite balance of plant management for the projects.
“We are pleased to begin managing these wind projects focused on exceeding EverPower’s expected returns,” said Jeremy Law, Vice President of Asset Management for Longroad. Furthermore, “we manage our third-party-owned projects as if they are our own. Moreover, we look forward to bringing our full range of management and technical services to these assets.”
For instance, the five projects are Howard (NY), Twin Ridges (PA), Highland North (PA), Patton (PA), and Mustang Hills (CA).
Reception
“A key ingredient to successful ownership of renewable energy projects is a strong asset management and operations partner,” said David Smith, Officer at EverPower Wind Holdings. Thus, “we are excited to have Longroad take these assets on to optimize performance and to maximize long-term asset value.”
Longroad Energy is focused on renewable energy project development, operating assets, and services. Furthermore, today, Longroad owns over 1.6 GW of operational and under-construction wind and solar projects across the United States.
Through its services affiliate, the company operates and manages 3.5 GW in total comprised of these projects. Besides, 1.9 GW of wind and solar projects on behalf of third parties. Indeed, the New Zealand Superannuation Fund, Infratil Limited, and Longroad’s management team are owned by the firm.
Last month, the company announced the acquisition of s 900 MW portfolio of solar projects in Arizona from First Solar, Inc.
