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Invenergy-led group completes $1.5bn AEP deal
Invenergy, La Caisse de Dépôt et Placement du Québec and funds managed by Blackstone have completed the $1.5bn buyout of a 1.4GW unregulated renewables portfolio from American Electric Power.
The consortium IRG Acquisition Holdings has completed the deal, which involves 1.2GW of wind and 165MW of solar projects in 11 states. IRGAH has also secured a $580m commitment with Bank of America Securities for a production tax credit transfer deal.