Invenergy marks largest acquisition yet with $1.5 bln deal for AEP unregulated renewable portfolio

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Invenergy LLC said Thursday it’s taking part in its largest acquisition since the private wind, solar and natural gas developer was founded in 2001 with a...

Invenergy LLC said Thursday it’s taking part in its largest acquisition since the private wind, solar and natural gas developer was founded in 2001 with a deal to buy a 1,365-megawatt unregulated, contracted renewables portfolio from American Electric Power AEP for $1.5 billion in enterprise value including debt. IRG Acquisition Holdings, a partnership including Invenergy, Quebec state pension fund CDPQ and funds managed by Blackstone Inc.

Invenergy LLC said Thursday it’s taking part in its largest acquisition since the private wind, solar and natural gas developer was founded in 2001 with a deal to buy a 1,365-megawatt unregulated, contracted renewables portfolio from American Electric Power AEP for $1.5 billion in enterprise value including debt. IRG Acquisition Holdings, a partnership including Invenergy, Quebec state pension fund CDPQ and funds managed by Blackstone Inc.

 

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