The deal adds roughly 1.3GW of net ownership in operating onshore wind across ten projects.
The acquired assets are located in Indiana, South Dakota, Hawaii, Pennsylvania, Kansas, Colorado, and Idaho. Following completion, LS Power now operates more than 22.3 GW of generation capacity nationwide, complemented by approximately 780 miles of high-voltage transmission infrastructure.
The wind projects will be integrated into Clearlight Energy, one of LS Power's dedicated renewable generation platforms serving the United States and Canada. Clearlight Energy currently manages around 4.3 GW of wind, solar, and battery storage assets, establishing it as a leading independent renewable operator in the region.
LS Power CEO Paul Segal commented on the strategic importance of the deal: "Completing this acquisition reflects our ability to identify and execute on opportunities that address today's most pressing energy challenges. With electricity demand surging and new development timelines extending, operating assets that can deliver clean, reliable power at meaningful scale are increasingly critical. We're taking a 'more of everything' approach, pursuing opportunities across the energy landscape that help meet growing energy demand and position our renewable platforms for long-term growth."
The transaction closed after satisfying standard regulatory and closing requirements. Legal counsel was provided by Greenberg Traurig, with financial advisory services from Barclays and Santander.
This acquisition builds on LS Power's ongoing expansion in renewable energy and complements its existing portfolio of flexible natural gas, energy storage, and renewable fuels assets. All electricity generated by the wind farms serves domestic U.S. consumption and does not involve exports or imports. The transaction focuses solely on ownership transfer of operating generation facilities within the United States and supports continued reliable supply of renewable power to local and regional markets.
