A fund managed by BlackRock Infrastructure Investment Group has purchased a 90% stake in two wind projects with a combined capacity of 80 megawatts.
Financial details were not disclosed. The stake in the Iowa-based 42.5-MW Elk and 37.5-MW Hawkeye projects were acquired from RPM Access. The projects began commercial operations in December 2011, and October 2012, respectively and comprise a total of 32 sets of 2.50MW Nordex turbines.
The projects interconnect with the ITC Midwest transmission system within the Midcontinent Independent System Operator market. All of the output of the wind farms is sold to Central Iowa Power Cooperative under long-term power-purchase agreements.