Published: 13 February 2019 13 February 2019
Sempra Energy has announced that it has entered into an agreement to complete the sale of its US renewables business by selling its remaining wind operating and development assets to American Electric Power (AEP) for US$ 551 million in cash.
AEP also will acquire all of the Sempra Renewables wind projects currently in development. The sale to AEP comprises approximately 724MW of capacity in Sempra Energy's non-utility US renewables portfolio. The sale is expected to be completed in the second quarter of 2019.