CMS ENERGY CORP acquired Gratiot Farms Wind Project, a transaction announced in June 2018, structured as Development Asset Acquisition agreement — Consumers Energy acquires the development package from Tradewind Energy and then manages construction; subject to Michigan Public Service Commission approval; ownership expected to be assumed in May 2019..
Gratiot Farms Wind Project operates in Renewable energy generation (wind), is based in Gratiot County, Michigan, United States. Consumers Energy, the principal subsidiary of CMS Energy, entered into a development-asset acquisition agreement to own, construct and operate the Gratiot Farms Wind Project, then being developed by Tradewind Energy. Located in North Shade and New Haven Townships in Gratiot County, Michigan, the project was planned for up to 75 turbines and a capacity of up to 150 megawatts. Consumers Energy acquired the development package and would manage construction, with Tradewind continuing development work (studies, permits, real estate) to the construction stage.
Increases the renewable wind energy Consumers Energy supplies, supporting CMS Energy's clean-energy and 'triple bottom line' commitments while providing affordable service to customers.
Advisory firms were not disclosed for this transaction.