Treaty Oak Clean Energy today announced the acquisition of two utility-scale solar plus storage projects in MISO-South from affiliates of Galehead.
AUSTIN (March 10, 2023) – Treaty Oak Clean Energy, LLC today announced the acquisition of two utility-scale solar plus storage projects in MISO-South from affiliates of Galehead Development, LLC. The acquisition adds a combined 465 MW of late-stage solar and storage projects to Treaty Oak’s portfolio and provides additional opportunities to partner with communities and energy consumers in the MISO-South area on clean, low-cost energy solutions. The transaction includes an investment in Galehead’s “ReAcre” land conservation initiative, and the projects are expected to reach commercial operations in the first half of 2025.
Headquartered in Austin, Texas, Treaty Oak is a portfolio company of Macquarie Asset Management’s Green Investment Group and features an experienced management team with a track record of developing, commercializing, and executing 2 GW+ of utility-scale solar projects along with structuring bespoke offtakes and derivative products for 8 GW+ of power and renewables projects across the U.S. on behalf of utility affiliates, independent power producers and financial sponsors.
“We are delighted to have worked with Galehead Development on the successful acquisition of these two solar plus storage projects,” said Chris Elrod, Chief Executive Officer at Treaty Oak. “These two projects are ideally located in MISO-South, which is a priority market for Treaty Oak due to robust market fundamentals and the opportunity to support decarbonization in one of the most carbon-intensive regions of the U.S.”
Galehead Development, LLC is the trusted clean energy project delivery platform for Global Utilities, Energy Transition Investors, and Fortune 500 Enterprise with a track record of more than 6 GW of development asset sales in energy markets across the U.S. “These projects represent a multi-year effort to bring cost- effective clean energy resources to the southeast. We are thrilled to add Treaty Oak to our growing network of downstream partners and look forward to supporting their team through the last-mile of development” said Matt Marino, Chief Executive Officer at Galehead Development.
About Treaty Oak Clean Energy, LLC
Headquartered in Austin, Texas, Treaty Oak is a leading clean energy platform focused on developing, commercializing, building and operating clean power projects in targeted U.S. energy markets. Our mission is to create a sustainable future by providing clean, low-cost energy solutions to the grid benefitting energy consumers, communities, and generations to come. Treaty Oak is a portfolio company of Macquarie Asset Management’s Green Investment Group. More information on Treaty Oak is available at www.treatyoakcleanenergy.com.
About Galehead Development, LLC
Galehead is the leading upstream development platform for planning, managing and delivering renewable generation resources and low carbon infrastructure. Galehead is powered by its proprietary LandCommand® software with a proven track record for reducing project development risk, costs and timelines. Since 2016 Galehead has successfully developed and monetized 6 GW of solar PV, wind and co-located storage projects and is actively developing new greenfield projects and LandCommand® applications with its network of downstream partners across the U.S. The company has 45 full-time employees and is headquartered in Boston, MA. More information on Galehead is available at www.galeheaddev.com.
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