Partners Group, the Swiss-based global private markets group, has just completed an investment in two utility-scale wind farms in Thailand for an undisclosed amount, the firm announced in a statement.
The investment – done together with Chubu Electric Power Company, Ratchaburi Electric Generating Holding and Demco Public Company – will be used to fund the construction of two, 90-megawatt wind farms located in the Korat province.
Partners said the wind farms have power purchase agreements in place with the Electricity Generating Authority of Thailand and will also benefit from an “adder” tariff for the first 10 years of operation. The wind farms should be operational between the last quarter of this year and the first quarter of 2013, Partners added.
“We are pleased with this investment, which offers long-term cash flow visibility to our clients. Thailand is characterised by a solid regulatory framework, ambitious renewable energy targets and attractive support systems,” commented Michael Barben, partner and head of infrastructure.
Partners Group has €25 billion under management in private equity, real estate, infrastructure and private debt.
According to its website, it manages $2.3 billion in infrastructure investments across five infrastructure programmes and mandates. The firm has completed 19 direct investments, although it also targets secondary market acquisitions and primary investments in third-party infrastructure funds.