innogy to acquire EverPower’s wind-energy development business

By Michelle Froese innogy SE is advancing its renewables expansion strategy for the U.S. market. The Germany-based energy company, with UK private equity investor Terra Firma Capital Partners, has signed an agreement to acquire all of the shares in EverPower Wind Holdings’ U.S. onshore wind development business.
German-based, innogy, has reached an agreement to acquire EverPower’s onshore wind pipeline of more than 2 GWs. It includes the Highland Wind Farm in Cambria County, Pennsylvania. (Photo: EverPower)
The acquisition is subject to approval by the U.S. government’s Committee on Foreign Investment in the United States (CFIUS) with estimated closing of the transaction in the second quarter

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