innogy and Terra Firma Capital Partners have signed an agreement to acquire all of the shares in EverPower Wind Holdings’ US onshore wind development business. With this acquisition, innogy will become the sole owner of more than 2GW of onshore wind projects in various development stages located in US power markets for renewables.
Execution of the pipeline will be realised gradually. innogy will commercially assess every project under the hurdle rate framework. innogy will review all options regarding the ownership and financing structure to maximise value for the company and shareholders. The acquisition is subject to approval by the US government’s Committee on Foreign Investment in the United States (CFIUS) with estimated closing of the transaction in the second quarter of 2018. All parties have agreed to maintain confidentiality regarding the purchase price.