Announced
Financials
Tags
United States
Acquisition
Private
wind farm
Renewable Energy Equipment
offshore wind projects
Majority
Private Equity
Domestic
Pending
Friendly
Single Bidder
Synopsis
Global Infrastructure Partners, a private equity firm, agreed to acquire a 50% stake in offhore wind farms Revolution Wind and South Fork Wind from Eversource Energy, an energy company, for $1.1bn. “We continue to believe that offshore wind represents the most significant opportunity to decarbonize the electric generation footprint of New England. Eversource will remain an integral player in this historic shift to a clean energy generation mix by focusing on our strengths as a regulated transmission builder and operator and bringing the benefits of these investments to our customers," Joe Nolan, Eversource Energy Chairman, President, and CEO.
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