Treaty Oak Clean Energy to Acquire 250MW MISO-South Project from Galehead Development
January 16, 2024
AUSTIN (January 16, 2024) – Treaty Oak Clean Energy, LLC has entered into an agreement to acquire a utility-scale solar plus storage project in MISO-South from affiliates of Galehead Development, LLC. The acquisition adds 250 MW of late-stage solar and storage project capacity to Treaty Oak’s portfolio and provides additional opportunities to partner with communities and energy consumers in the MISO-South area on clean, cost-competitive and reliable energy solutions. The project is expected to reach commercial operations in the first half of 2026, and the transaction includes further joint investment in Galehead’s “ReAcre” land conservation initiative.
Headquartered in Austin, Texas, Treaty Oak is a portfolio company of Macquarie Asset Management and continues to grow its portfolio of solar and storage projects across its target markets through greenfield development activities and M&A. “We appreciate the continued partnership and opportunity to work with Galehead on another late-stage project,” said Chris Elrod, Chief Executive Officer at Treaty Oak. “The project is ideally located in MISO-South, a priority market for Treaty Oak due to robust market fundamentals.”
Galehead Development, LLC is the trusted clean energy project delivery platform for global utilities, energy transition investors, and Fortune 500 enterprise with a track record of more than 7 GW of development asset sales in energy markets across the U.S. “Galehead is proud to continue pioneering competitive renewable generation in MISO South with 395 MW of Galehead-originated projects operating or under construction, 640 MW under development with Treaty Oak, and a 1.3 GW development pipeline in MISO South markets. We are thrilled to conclude another successful transaction with Treaty Oak,” said Matt Marino, Chief Executive Officer at Galehead Development.
About Treaty Oak Clean Energy, LLC
Headquartered in Austin, Texas, Treaty Oak Clean Energy develops, builds, and operates clean energy projects in targeted US markets. We partner with consumers and communities to create reliable, cost-effective energy solutions benefitting generations to come. Treaty Oak is a portfolio company of Macquarie Asset Management. More information on Treaty Oak is available at treatyoakcleanenergy.com.
About Galehead Development, LLC
Galehead is the leading upstream development platform for planning, managing and delivering renewable generation resources and low carbon infrastructure. Galehead is powered by its proprietary LandCommand® software with a proven track record for reducing project development risk, costs and timelines. Since 2016 Galehead has successfully developed and monetized 7 GW of solar PV, wind and co-located storage projects and is actively developing new greenfield projects and LandCommand® applications with its network of downstream partners across the U.S. The company has 55 full-time employees and is headquartered in Boston, MA. More information on Galehead is available at www.galeheaddev.com
Media inquiries
For Galehead Development
Allison Lowitz
allison.lowitz@galeheaddev.com
For Treaty Oak Clean Energy