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Bearkat I | Acquisition due diligence in Texas

K2 Management advised on Copenhagen Infrastructure Partners’ (CIP) equity investment in Bearkat I onshore wind farm in the US, which has just reached financial close.  The assignment saw K2 Management’s North American team deliver detailed acquisition due diligence and advisory support over a five-month contract.

The scope of work included a technical review of the project, consultation on CapEx and OpEx budgets, environmental permitting and crossing agreements, and the review and de-risking of the EPC, turbine supply, and all operations and maintenance contracts.

The 196.7 MW wind farm, in Glasscock County, Texas, will consist of fifty-seven Vestas V126-3.45 MW turbines and is expected to commence commercial operations later this year.  

K2 Management

We were delighted to deliver acquisition due diligence services on CIP’s first equity investment in US onshore wind.

The successful completion of this assignment further strengthens CIP and K2 Management’s ongoing relationship after we supported its

nvestment in Fluvanna onshore wind farm in 2016.  We will look forward to working with CIP again on future projects as it continues to grow its global portfolio.

Carsten Ploug Jensen