Terra Firma, a private equity firm, has announced the acquisition of Everpower Wind Holdings Inc, a US wind energy business.
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The vendors are Good Energies, a renewable energy fund, and the Everpower management team who are re-investing alongside Terra Firma. Everpower’s assets are concentrated in the North East and West Coast US power markets. It owns a newly constructed project (Highland I with output of 62MW), a portfolio of near term development opportunities (with output of over 800MW) and a development pipeline which represents a substantial platform for growth. The financial details were not disclosed.