EDF Renewables North America and German international insurer Munich Re have closed on a transaction for two renewable energy projects in California, the US, first announced 15 months ago.
US developer, owner and asset manager Longroad Energy has secured a US$500 million equity investment to support its business model shift from a “develop to sale” strategy to the ownership of renewable projects in the US.
German multinational insurer Munich Re has acquired a 50% stake in two EDF renewable energy projects in California through its global asset management firm MEAG
