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Repsol has signed an agreement to acquire US renewable development company ConnectGen for $768 million from Quantum Capital Group’s global renewable energy development platform, 547 Energy.
ConnectGen has a 20.000 MW pipeline and development capabilities. Current ConnectGen employees, including senior management, will join Repsol Renewables’ team. The deal is expected to be closed before the end of the year, subject to customary regulatory approvals.
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