Innogy closes acquisition of 2 GW wind projects in USA
The US government’s Committee on Foreign Investment in the United States (CFIUS) has approved the acquisition of EverPower Wind Holdings’ US onshore wind portfolio by innogy SE. EverPower is owned by UK private equity investor, Terra Firma Capital Partners. The portfolio contains more than 2,000 MW of onshore wind projects in various development stages, located across eight states
Both companies signed the respective purchase agreement already at the end of 2017. This approval, plus the obtaining of consents of authorities on state level, signals the successful completion of the transaction. All parties have agreed to keep the purchase price confidential.
The portfolio includes three wind projects in late stage development: Cassadaga (~126MW), Baron Winds (~270MW) in the State of New York and Scioto Ridge in Ohio (~ 200MW). innogy plans to bring these projects online before the end of 2020. Scioto Ridge will be innogy’s first US onshore wind farm targeted to start full construction in early 2019.
Country updates
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