The reported US$350m investment will be Terra Firma’s first US acquisition, and follows a similar deal with the UK’s largest renewable energy generator, Infinis.

The sellers include energy investment company Good Energies and the Everpower management team, both of whom reportedly plan to re-invest.

Guy Hands, chairman of Terra Firma highlighted the appeal of the investment, which gives the company access to the growing US wind energy market: “Everpower has both a strong management team and an attractive portfolio of projects,” he added in a statement.

Everpower’s assets include the recent project Highland I, and further opportunities for development exist within the North East and West Coast power markets, where transmission is available and power prices are stronger.