Invenergy Sells Wind Power Projects For $2 Billion

Invenergy sells wind power plants

Invenergy Wind LLC sold 832 MW of wind power plants to TerraForm Power for $2 billion.

The deal represents the closing of a purchase and sale agreement executed June 30, 2015, and a final closing for an additional 98 MW of projects is scheduled for completion in early 2016. The three power purchase agreements total 450 MW with Google, Owens Corning and Equinix Data Centers.

The closing includes four power plants totaling 754 MW of generating capacity in the U.S. and one 78 MW project, Raleigh, in Canada. Invenergy will keep a 10 percent equity interest and will be the operations and maintenance provider for the U.S. projects, which are the California Ridge, Bishop Hill, Prairie Breeze and Rattlesnake.

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