Husch Blackwell represented Algonquin Power Co. (APCo), the renewable power generation subsidiary of Toronto-based Algonquin Power & Utilities Corp. (APUC), in an $888 million deal in which APCo will acquire a 480 megawatt portfolio of four wind projects in the United States from Spain’s Gamesa Corporación Tecnológica, S.A. (Gamesa). The deal was announced Friday, March 9.

The acquisition, which includes wind facilities in in Illinois, Iowa, Pennsylvania and Texas, will double the size of APCo’s independent power generation portfolio. 

Husch Blackwell’s energy and infrastructure team, led by Partner James G. Goettsch, represented APCo in all aspects of the transaction, which include: 1) the acquisition by APCo of a controlling interest in a joint venture with Gamesa; 2) a tax equity investment in the joint venture by affiliates of JP Morgan and Morgan Stanley; 3) the negotiation of turbine supply agreements and 20-year operating agreements for each of the wind facilities; and 4) long-term fixed-price off-take arrangements for a substantial portion of the power produced by the facilities. 

Other members of Husch Blackwell’s team included Partners John K. Brungardt, John C. Crossley, Eric J. Gervais, John D. Moore, Teresa Reinking, Jason A. Reschly, Christopher J. Rockers, Brogan T. Sullivan, Edward V. Wilson and Associates McGregor K. Johnson, Leo O. Salinger, Bert A. Seefeldt and Michelle A. Torline.