TradeWind Energy’s Rocky Ridge Subsidiary

 In
Engagement
Sale
CLIENT
TradeWind Energy, LLC (TradeWind) is an industry-leading developer of wind energy projects in the United States, and its Rocky Ridge subsidiary is a premier project developed and built in Oklahoma in the heart of the nation’s prime wind corridor.
SITUATION
TradeWind was interested (i) in fully divesting of its Rocky Ridge Project or (ii) in partnering with a strategic partner willing to make a significant financial investment in the Project in order for Trade Wind to monetize its investment, but also to optimize the Project by utilizing TradeWind’s extraordinary development expertise
RESULTS
Frontier commenced a competitive marketing process of potential strategic buyers on a very tight timeframe, including both international and domestic buyers, in order to find the best buyer or the best partnering candidate. The process yielded an impressive offer from Enel Green Power North America (Enel). Based on the synergies associated with combining TradeWind’s successful wind farm development and its stellar management capabilities with Enel’s deep financial resources and commitment to alternative energy, TradeWind successfully consummated a sale of Rocky Ridge, resulting in a win/win for both parties.

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