Boston-based ArcLight Capital Partners has reached a definitive agreement whereby affiliates of Global Infrastructure Partners will acquire up to 40% of Terra-Gen Power Holdings, a developer, owner, and operator of of wind, geothermal and solar projects.
In addition, the company has more than 5,000 MW of renewable energy projects under development in premier, renewable resource areas in the U.S.
The transaction is subject to regulatory approvals and is anticipated to close by the end of the year.
Citigroup acted as financial advisor to ArcLight.
SOURCE: ArcLight Capital Partners