Sustainable Power Group Buys Utah Project in First Deal for Wind

(Bloomberg) — Sustainable Power Group, an independent
power producer that’s focused primarily on solar, is expanding
into wind energy by acquiring a 62.1-megawatt project in
southeastern Utah.

The wind farm in San Juan County is expected to begin
generating electricity by the end of the year, Salt Lake City-based Sustainable Power said in a statement Monday. Terms
weren’t disclosed.

Berkshire Hathaway Inc.’s PacifiCorp unit agreed to buy the
output under a 20-year contract.

Sustainable Power, also knows as SPower, is backed by Fir
Tree Partners. It owns or operates more than 150 utility- and
commercial-scale power plants in the U.S. and U.K., according to
the statement. Fir Tree Partners manages about $13 billion.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Randall Hackley

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us