Announced
Completed
Financials
Tags
United States
energy assets
Alternative Fuels
Acquisition
Domestic
Infrastructure
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
Otter Tail Power, an electric utility company, completed the acquisition of Ashtabula III Wind Energy Center, a 39-turbine wind farm, from NextEra Energy, a company that specialises in renewable energy, with a strong emphasis on wind and solar power, for $49.7m. “Our customers have benefited from wind resources since 2002. Purchasing Ashtabula III is part of our least-cost plan to meet our customers’ energy needs, both now and in the future,” Otter Tail Power, Tim Rogelstad President.
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