199MW Wind Farm Closing Marks Six-Months Under Brookfield Renewable
Ownership
BOULDER,
Colo., May 23, 2023 /PRNewswire/ -- Scout
Clean Energy (Scout), a Colorado
based renewable energy developer-owner-operator, and its joint
venture partner Elawan Energy, a global operator in the renewable
energy industry, today announced they have completed the sale of
the 199-megawatt (MW) Persimmon Creek Wind Farm (Persimmon) in
western Oklahoma to Evergy, Inc.
(NASDAQ: EVRG).
Michael Rucker, CEO and founder
of Scout Clean Energy, said, "The Persimmon Creek Wind Farm has
proven to be a reliable source of renewable energy over the last
five years making it a solid investment for Scout. We are excited
to finalize the sale to Evergy as it seeks to deliver carbon-free
wind energy directly to their customers."
Persimmon achieved commercial operation in 2018 with 80 General
Electric turbines across 17,000 acres in Dewey, Ellis
and Woodward counties in
Oklahoma. The renewable energy
generated from Persimmon will serve customers in Evergy's service
area.
"The completion of the Persimmon Creek sale positions Scout to
provide a significant return on the capital invested," explained
Rucker. "As a part of the existing operations agreement, Scout will
continue servicing the project through the end of this
year."
Scout, now a portfolio company of Brookfield Renewable, is
approaching six months under Brookfield's ownership and continues
to execute on its significant growth plans. Since the beginning of
the year, Scout has finalized the sale of Persimmon Creek with the
proceeds being deployed back into new development projects, started
construction on the 200MW Sweetland Wind
Farm in South Dakota, and
is raising financing for its 209MW Markum
Solar project in Texas,
which will start construction later this year. Scout remains
focused on the construction and development of its pipeline of 16.5
GW of Wind, Solar, and Battery Storage projects across 22
states.
Scout's legal advisor was McDermott
Will & Emery LLP and Evergy's legal advisor on the
transaction was Morgan, Lewis & Bockius LLP.
Persimmon Creek Wind Farm Photo -- Credit:
Kipp Schorr – Wagon
Productions
About Scout Clean Energy
Scout Clean Energy is a renewable energy developer and
owner-operator headquartered in Boulder,
Colorado with approximately 1,000 MW of operating
and under construction wind assets, and a pipeline of
over 16,500 MW of wind, solar and storage projects
across 22 states, including more
than 2,300 MW of advanced-stage projects. Scout has
expertise in all aspects of renewables project development,
permitting, power marketing, finance, construction, 24/7
operations, and asset management. For more information, please
visit www.scoutcleanenergy.com
About Evergy
Evergy, Inc. (NASDAQ: EVRG), serves 1.7
million customers in Kansas and
Missouri. Evergy's mission is to
empower a better future. Our focus remains on producing,
transmitting and delivering reliable, affordable, and sustainable
energy for the benefit of our stakeholders. Today, about half of
Evergy's power comes from carbon-free sources, creating more
reliable energy with less impact to the environment. We value
innovation and adaptability to give our customers better ways to
manage their energy use, to create a safe, diverse and inclusive
workplace for our employees, and to add value for our investors.
Headquartered in Kansas City, our
employees are active members of the communities we serve.
About Brookfield Renewable
Brookfield Renewable operates one of the world's largest
publicly traded, pure-play renewable power platforms. Our portfolio
consists of hydroelectric, wind, utility-scale solar and storage
facilities in North America, South
America, Europe and Asia, and totals approximately
25,700 megawatts of installed capacity and a development pipeline
of approximately 126,000 megawatts of renewable power assets, 12
million metric tonnes per annum ("MMTPA") of carbon capture and
storage, 2 million tons of recycled material, 4 million metric
million British thermal units of renewable natural gas pipeline, a
solar manufacturing facility capable of producing 5,000 MW of
panels annually and 1 MMTPA green ammonia facility powered entirely
by renewable energy. Further information is available
at https://bep.brookfield.com.
Brookfield Renewable is the flagship listed renewable power
company of Brookfield Corporation, a leading global alternative
asset manager with over $825 billion of assets under
management.
About Elawan Energy
Elawan Energy is a global operator in the renewable energy
industry with over 1.1 GW of wind, solar, and hydropower projects
in operation and over 11 GW of renewable energy under development.
Elawan offers integrated solutions along the green energy life
circle, from the promotion, development and construction of wind
farms, photovoltaic plants and hydropower plants until their
operation, maintenance and sale of the green energy produced.
Elawan Energy is part of the ORIX Group.
CONTACT: Chad Thompson
chad@scoutcleanenergy.com
901.331.0779
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SOURCE Scout Clean Energy