CMS ENERGY CORP acquired Aviator Wind (51% majority stake), a transaction completed in July 2020, structured as Purchase of a 51% majority equity stake from funds managed by Ares Management Corporation; asset operated by subsidiary CMS Enterprises..
Aviator Wind (51% majority stake) operates in Renewable energy generation (wind), is based in Coke County, Texas, United States. CMS Energy purchased a majority (51%) stake in Aviator Wind, a 525-megawatt wind energy project in Coke County, Texas, roughly 250 miles southwest of Dallas. The stake was acquired from funds managed by Ares Management Corporation's Infrastructure and Power strategy, which constructed and managed the project. The facility, operated by CMS Energy subsidiary CMS Enterprises, supplies clean energy committed to Facebook and McDonald's under their corporate renewable-energy goals.
Expands the utility-scale wind portfolio of CMS Enterprises (which after the deal owned/operated 11 independent power plants and more than 1,800 MW nationwide) and supplies committed clean energy to large corporate customers Facebook and McDonald's.
Advisory firms were not disclosed for this transaction.