Stonepeak acquired a majority stake in Ørsted's U.S. onshore wind portfolio of operating assets.
The portfolio consists four U.S. onshore wind farms with a total capacity of 957 MW. It includes four wind farms across three states: the Ford Ridge Wind project in Illinois, the Helena Wind and Western Trail Wind projects in Texas, and the Sunflower Wind project in Kansas.
The deal is valued at around $300 million.