Boston, MA — March 17, 2021 – Longroad Energy Services, an affiliate of Longroad Energy Holdings (Longroad), a US-based renewable energy developer, owner and operator, announced today the execution of long-term asset management and operations oversight agreements for five EverPower Wind Holdings-owned wind projects in PA, NY, and CA totaling 449 MW. With these new contracts, Longroad now manages nearly 3.5 GW of wind and solar projects.
The scope of services consists of all back office functions including accounting, treasury, finan-cial reporting, and overall commercial asset management as well as 24/7 remote monitoring, en-gineering and onsite balance of plant management.
“We are pleased to begin managing these wind projects focused on exceeding EverPower’s ex-pected returns,” said Jeremy Law, Vice President of Asset Management for Longroad. “We manage our third party-owned projects as if they are our own and we look forward to bringing our full range of management and technical services to these assets.”
The five projects are Howard (NY), Twin Ridges (PA), Highland North (PA), Patton (PA), and Mustang Hills (CA).
“A key ingredient to successful ownership of renewable energy projects is a strong asset man-agement and operations partner,” said David Smith, Officer at EverPower Wind Holdings. “We are excited to have Longroad take these assets on to optimize performance and to maximize long-term asset value.”
About Longroad Energy Holdings, LLC
Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services. Today, Longroad owns over 1.6 GW of operational and under construction wind and solar projects across the United States. Its services affiliate, Longroad Energy Services, operates and manages 3.5 GW in total comprised of these projects plus 1.9 GW of wind and solar projects on behalf of third parties. Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad’s management team.