(Bloomberg) — Infigen Energy, an Australian clean-energy
developer, will sell its U.S. wind business to Primary Wind
Power, LLC, for about $272.5 million.
The transaction is expected to close by October, Sydney-based Infigen said in a statement Wednesday. Infigen has an
equity interest of 1,089 megawatts across 18 wind farms in the
Infigen’s U.S.-based employees will become staff of Primary
Wind Power, a newly formed company affiliated with ArcLight
Capital Partners, LLC, according to the statement.
The sale is not expected to have any effect on the
“business as usual” operational requirements of the Australian
business, Infigen said.
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Chisaki Watanabe in Tokyo at
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Reed Landberg at
Iain Wilson, Jake Lloyd-Smith