FTI Capital Advisors Advises Noble Environmental Power and MUFG on Sale of 114 MW Noble Great Plains Windpark to Geronimo Energy
WASHINGTON, D.C., Nov. 7, 2018 — FTI Consulting, Inc. (NYSE: FCN) today announced that its wholly-owned investment banking subsidiary, FTI Capital Advisors, LLC (“FTICA”), served as the exclusive financial advisor to Noble Environmental Power and MUFG Americas Holdings Corporation subsidiary Bankers Commercial Corporation (“MUFG”) on the completed sale of Noble Great Plains Windpark (“NGPW”) to Geronimo Renewable Infrastructure Partners (“Geronimo Energy”). The transaction for NGPW, a 114 MW operating wind project located in Hansford County, Texas, closed at the end of Q3 2018.
FTICA worked closely with Noble Environmental Power and MUFG to run a targeted and highly competitive sale process, providing key insights and analysis around Southwest Power Pool market dynamics and investor interest to help optimize transaction structuring and negotiation of commercial deal points. The resulting sale to Geronimo Energy represents the successful transition of an established generating asset to an experienced and growing developer, owner and operator of utility-scale wind and solar projects.
FTICA continues to demonstrate transactional leadership within the renewable energy sector and has successfully advised on approximately 250 MW of clean energy transactions over the last 12 months, including acquisition, divestiture and financing transactions at the platform and project levels across the wind, solar and geothermal sectors. FTI Consulting’s Clean Energy practice provides strategic, financial, operational, reputational and regulatory advisory services to clean energy companies with a focus on wind, solar, biofuels/biomass, geothermal, energy storage and emerging technologies.
For more information on this transaction, please contact Glenn Tobias at glenn.tobias@fticonsulting.com, Chris LeWand at chris.lewand@fticonsulting.com or Chris Post at chris.post@fticonsulting.com.
About FTI Capital Advisors, LLC
FTI Capital Advisors is a boutique middle market investment bank which specializes in M&A, capital raising, valuation and opinions, and special situations mandates across targeted industry sectors – including deep credentials in the power and clean energy sectors, as well as in the telecom, media, real estate and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value enhancing outcomes for our clients.
FTICA is registered with FINRA in the United States and engages in securities transactions pursuant to that registration. In non-US securities transactions, FTICA may be required to work with securities dealers registered in other countries. FTI Capital Advisors, LLC (member FINRA/SIPC) is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).
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