Announced

LS Power to acquire the US onshore wind business from bp.

Synopsis

LS Power, a power and energy infrastructure development, investment, and operating company, to acquire the US onshore wind business from bp, an oil and gas company. Financial terms were not disclosed. “We are focused on a holistic approach to advancing American energy infrastructure that includes improving existing energy assets while investing in transformative strategies that make energy more efficient, affordable and available. Well-located with well-structured contracts, these new assets will expand our renewable energy presence and help to meet growing energy demand across the US. We look forward to welcoming the talented teams operating these assets to LS Power and partnering with them to drive value for our stakeholders," Paul Segal, LS Power CEO.

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MergerLinks - LS Power to acquire the US onshore wind business from bp.