Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Wind Farms
In this episode, Lucas and Luna unpack the quiet rush of private equity into wind energy—specifically the roll-up of smaller wind farms by a single firm, Greenbacker Capital. With the Production Tax Credit set to phase down after 2026, PE firms are buying up operational wind assets at scale, bundling them into yieldcos, and selling them to institutional investors. Lucas walks through the economics: a typical 50-megawatt wind farm in the Midwest can be acquired for $60-$80 million, generating steady cash flows from long-term power purchase agreements. Luna questions whether the PTC cliff…
The skinny
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