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Announced

Completed

PPL completed the acquisition of a majority stake in transmission project from SOO Green HVDC Link.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy services

Single Bidder

United States

Conventional Electricity

Majority

electricity transmission

Domestic

Private

Friendly

Acquisition

Completed

Synopsis

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PPL, a utility holding company, completed the acquisition of a majority stake in transmission project from SOO Green HVDC Link, an underground high-voltage direct current transmission line. Financial terms were not disclosed. "PPL is pleased to support a project focused on transforming how major transmission line projects are built in the US. SOO Green's innovative approach aims to remove key barriers to interregional transmission line construction that will be essential to connecting more largescale renewable energy to the grid. As PPL seeks to advance a clean energy transition, we look forward to gaining insight from SOO Green's innovative approach, and we are excited to lend our capabilities to support the project's success," Gregory N. Dudkin, PPL Executive Vice President and COO.

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