Infigen Energy has completed the sale of its US wind business to a portfolio company affiliated with ArcLight Capital Partners for US$274.4 million.
Infigen will use the proceeds to repay debt and meet other expenses.
Infigen’s US wind business comprised Class B equity interests in 18 US wind farms with a total installed capacity of approximately 1,557 megawatts, of which Infigen’s Class B equity interests comprise 1,089MW on an economic interest basis. In addition, Infigen has an investment in Class A cash flow interests in relation to nine of those wind farms and owns a US based asset management business.
“This is a significant milestone for Infigen,” said Infigen Energy’s Managing Director Miles George. “We are now a solely Australia focused renewable energy company in a market with a favourable regulatory structure.”
