Pacolet Milliken's Acquisition of Anderson Wind Farm: A New Era in Sustainable Energy Investment
On December 4, 2024, Pacolet Milliken, LLC, a family-owned investment firm focused on sustainability, proudly announced its acquisition of the Anderson Wind Farm from a Goldman Sachs affiliate. This strategic move marks the company's first entry into wind energy and expands its existing renewable portfolio in the Southwestern United States.
The Anderson Wind Farm, located in Chaves County, New Mexico, consists of eight operational turbines that generate approximately 14.95 megawatts of electricity yearly. The farm's annual output exceeds 50,000 megawatt-hours, enough clean energy to power about 5,000 homes. Since commencing operations in 2014, the facility has been instrumental in providing energy to the Western Farmers Electric Cooperative through a long-term power purchase agreement.
William Crawford, CEO of Pacolet, described this transaction as a significant milestone for their Power & Infrastructure division, emphasizing their commitment to renewable energy solutions. He stated, "We are excited to collaborate with our new partners and local regulatory authorities to advance our mission of delivering renewable energy solutions to the communities we serve." The acquisition of Anderson aligns perfectly with Pacolet’s sustainability goals, enhancing its commitment to environmentally responsible business practices.
Lance Jordan, Co-Head and Chief Investment Officer at Pacolet Power Infrastructure, expressed optimism regarding future investments in wind energy. He considers Anderson to be a high-quality asset that aligns with their sustainability goals while enhancing shareholder value. The company is enthusiastic about this transaction and sees the potential for further investments in wind energy throughout the region.
Legal expertise for this transaction came from Vinson & Elkins, ensuring that all aspects of the acquisition aligned with both financial and regulatory standards. Pacolet Milliken is headquartered in Greenville, South Carolina, where its diverse portfolio encompasses a wide range of power and infrastructure assets across the United States. In addition to wind energy, its investments include regulated electric portfolios, industrial utilities, as well as significant solar and landfill gas projects.
The company’s commitment to the environment extends beyond just renewable energy; it also focuses on positively impacting the communities in which it operates. With developments concentrated in the Southeast, Southwest, and Southern California, Pacolet takes pride in fostering sustainable growth while actively contributing to local economies.
As Pacolet Milliken ventures into wind energy with the acquisition of the Anderson Wind Farm, it not only advances its sustainability goals but also serves as a beacon of responsible investment in the growing renewable energy sector. Energy investors and environmentally conscious stakeholders alike will be watching closely to see how Pacolet leverages this new asset and seeks additional opportunities in the wind energy market.
The Anderson Wind Farm, located in Chaves County, New Mexico, consists of eight operational turbines that generate approximately 14.95 megawatts of electricity yearly. The farm's annual output exceeds 50,000 megawatt-hours, enough clean energy to power about 5,000 homes. Since commencing operations in 2014, the facility has been instrumental in providing energy to the Western Farmers Electric Cooperative through a long-term power purchase agreement.
William Crawford, CEO of Pacolet, described this transaction as a significant milestone for their Power & Infrastructure division, emphasizing their commitment to renewable energy solutions. He stated, "We are excited to collaborate with our new partners and local regulatory authorities to advance our mission of delivering renewable energy solutions to the communities we serve." The acquisition of Anderson aligns perfectly with Pacolet’s sustainability goals, enhancing its commitment to environmentally responsible business practices.
Lance Jordan, Co-Head and Chief Investment Officer at Pacolet Power Infrastructure, expressed optimism regarding future investments in wind energy. He considers Anderson to be a high-quality asset that aligns with their sustainability goals while enhancing shareholder value. The company is enthusiastic about this transaction and sees the potential for further investments in wind energy throughout the region.
Legal expertise for this transaction came from Vinson & Elkins, ensuring that all aspects of the acquisition aligned with both financial and regulatory standards. Pacolet Milliken is headquartered in Greenville, South Carolina, where its diverse portfolio encompasses a wide range of power and infrastructure assets across the United States. In addition to wind energy, its investments include regulated electric portfolios, industrial utilities, as well as significant solar and landfill gas projects.
The company’s commitment to the environment extends beyond just renewable energy; it also focuses on positively impacting the communities in which it operates. With developments concentrated in the Southeast, Southwest, and Southern California, Pacolet takes pride in fostering sustainable growth while actively contributing to local economies.
As Pacolet Milliken ventures into wind energy with the acquisition of the Anderson Wind Farm, it not only advances its sustainability goals but also serves as a beacon of responsible investment in the growing renewable energy sector. Energy investors and environmentally conscious stakeholders alike will be watching closely to see how Pacolet leverages this new asset and seeks additional opportunities in the wind energy market.
Topics Energy）
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