Energy utility American Electric Power (AEP) has agreed to a sale of its 1.3GW unregulated renewables portfolio for approximately US$1.5 billion including project debt, with a view to investing in its regulated wires and generation business.
US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.
Alternative asset manager Blackstone will invest around US$3 billion in Invenergy Renewables to help drive an accelerated build-out of the solar and wind developer’s clean energy platform.
Altus Power is merging with a special purpose acquisition company (SPAC) in a transaction that values the commercial and industrial (C&I) solar and storage developer at US$1.58 billion.
A round-up of the latest solar industry news from around the world, as Yingli and JA Solar secure module supply deals, Keppel acquires a stake in a 500MW project and Mytilineos expands in Australia and Spain.
Investment firm Blackstone has formed a new portfolio company that will finance and own distributed energy assets focused on commercial, industrial and institutional customers.
Equity-and-debt mix from private equity giant and loan facility from banks will help Connecticut-based distributed solar firm take its asset portfolio upwards of US$1 billion.
