The wind project, located in Glenmore, was first acquired by CH Energy Group in 2009.
CH Energy president and CEO Steven V Lant said proceeds available to the company from this sale are anticipated to repay about $20m in outstanding CH Energy debt and repurchase common stock.
"After including the financial effect of the early debt retirement, this transaction is expected to result in a modest gain," Lant said.
Morrison & Foerster served as legal counsel and Marathon Capital as financial advisor to CH Energy.
CH Energy is predominantly a regulated transmission and distribution utility.
