Peregrine and partner buy 80MW wind farm in Iowa and plan expansion

U.S. clean energy platform Peregrine Energy Solutions LLC has added an operating 80MW wind farm in northern Iowa to its portfolio with a plan to nearly triple its capacity and also install battery storage technology at the facility in the future.

The Boulder, Colorado-based company has acquired and will operate, renovate and expand the assets of Old Gold Energy Center LLC, formerly known as Top of Iowa I, according to a press release.

The assets were acquired in partnership with a global alternative investment manager on behalf of the funds it manages. Financial details were not provided.

The Old Gold Energy Center has been operating since 2001. Peregrine expects to complete the renovation work by the end of 2027.

“Our initial projections are that this project could be converted into a wind farm of up to 230 MW with an 80 MW battery storage system. Our current refurbishment schedule projects that the refurbishment will be completed within the next five years,” said Matt von Tungeln, development director at Peregrine.

Peregrine is a clean energy platform with a focus on utility-scale energy storage that was recently created through a partnership between Peregrine Energy Management and alternative investment manager Castlelake LP.

Earlier this year, the company received a funding commitment from the international investment arm of Korean alternative investment manager IMM Investment Corp.

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