Hunt and Circle Power Partner to Develop Wind Farms
Michigan's Upper Peninsula location of two 20MW Renewable Energy Projects
EL PASO, Texas, Sept. 23, 2019 /PRNewswire/ -- An affiliate of Hunt Companies, Inc. ("Hunt"), announced today it has partnered with Circle Power to finance and develop two 20MW renewable energy projects in Michigan's Upper Peninsula.
The wind projects will be comprised of four turbines each on two separate sites and will contribute low-cost renewable generation capacity to the local area.
Hunt, a fourth-generation family-owned company, based in El Paso, Texas, is dedicating its financial and development resources to this project. "We are pleased that a company with financial strength such as Hunt has partnered with us to deliver these projects to the Upper Peninsula," said Jordan Roberts, Managing Partner at Circle Power.
Circle Power, a Michigan-based renewable energy developer, has been engaging with local residents and stakeholders to secure the land, permits, grid interconnection and other requirements for the projects.
Under the agreement between Circle Power and Hunt, Circle Power will lead the development of the projects with each party committing personnel, internal resources, and development capital. Hunt has entered into similar agreements with other developers in the U.S. through its infrastructure affiliate, Amber Infrastructure.
"We are pleased to be working with such an experienced developer," commented Tom O'Shaughnessy, of Amber Infrastructure. "Together, we are committed to ensuring these projects are delivered successfully and will contribute positively to the community and to the renewable energy generation capacity in the state of Michigan."
Current projections are that the wind projects will be operational in late 2021.
About Hunt
Hunt is a family-owned holding company that invests in operating businesses in the real estate and infrastructure markets. Hunt develops, invests, manages and finances assets at all stages to derive and deliver value. Founded in 1947, Hunt builds its reputation on integrity and performance. With a focus on excellence in corporate governance, Hunt is committed to a culture of transparency for employees, clients, investors and the communities it serves. Hunt employs over 1,800 direct employees and its broader platform (including affiliates) employs over 6,000 additional employees across the United States and Europe. Learn more at www.huntcompanies.com.
Hunt's infrastructure affiliate, Amber Infrastructure Group ("Amber"), is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of around £8 billion of assets in the UK, Europe, Australia and North America. Amber's core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, public-private partnership, transport, renewable energy and regeneration sectors. Amber provides investment advisory services to International Public Partnerships Limited, as well as private investment funds, specializing in urban regeneration and energy efficiency. Amber is headquartered in London with offices and origination capability in London, Munich, Brussels, Edinburgh, Sydney, Melbourne, New York and San Francisco and employs over 120 people, making it one of the largest international infrastructure specialists.
About Circle Power
Circle Power is a Michigan-based renewable energy developer formed in late 2017. The Company is focused on the development of low cost, distributed solar, wind and battery projects. The company's three partners have amassed a track record that includes the successful development of over 3,200 MWs of wind and solar projects throughout the United States.
SOURCE Hunt Companies, Inc.
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