sPower sold to AES and AIMCo for US$1.6 billion

The US$1.6 billion sale of major US utility-scale solar developer and operator FTP Power LLC (sPower) to AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) has been completed.

AES and AIMco to acquire sPower for US$1.58 billion

Major global power firm AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) have agreed to acquire utility-scale solar developer sPower from Fir Tree Partners and its minority owners.

sPower supplies almost 70MW of California solar

sPower has provided 68.8MW of utility-scale solar PV to Southern California Public Power Authority (SCPPA) via its Antelope DSR 1 and 2 facilities that achieved commercial operation last year.