Announced
Completed
Financials
Sources
Tags
Cross Border
Acquisition
Minority
hydroelectric electricity generation
Private Equity
Completed
Single Bidder
Renewable Energy Equipment
Infrastructure
Private
United States
Friendly
Synopsis
ArcLight, a private equity firm, completed the acquisition of a 25% stake in a 192MW Sidney Murray, a hydroelectric project. The balance of Sidney Murray is owned by affiliates of Brookfield Financial terms were not disclosed. "Sidney Murray is a world-class, baseload renewable energy resource selling power under long-term contracts to investment grade counterparties. ArcLight is excited to continue to work to optimize the project for the benefit of all stakeholders," Dan Revers, ArcLight Founding Partner.
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