West Raymond Wind Farm
RWE agreed to sell a 51% stake in four onshore Texas wind farms, explicitly including West Raymond, to a subsidiary of Algonquin Power & Utilities at an enterprise value of approximately $600 million for the stake.
$600M
Deal Value
239.8MW
Capacity
Wind
Technology
TX
Location
Deal Details
- Deal Type
- Portfolio stake sale
- Seller / Sponsor
- RWE
- Buyer / Financier
- Algonquin Power & Utilities
- Deal Value
- $600M
- Stage
- operating
- ISO/RTO
- ERCOT
- Source
- RWE press release
Related Deals
Boiling Springs Wind — 120 MW wind, OK (SPP)
E.ON / RWE → Honda
Hardin Solar (Shelby County) — 110 MW (of 150 MW) solar, Tennessee (TVA)
RWE Renewables / TVA → Meta (Facebook)
Kentucky Power Company + AEP Kentucky Transmission — 1,075 MW gen + transmission, ~228K customer connections in KY
American Electric Power (AEP) → Liberty Utilities Co. (Algonquin Power & Utilities subsidiary)
$2.846B (incl. ~$1.221B debt)
Amazon Wind Farm Texas / Dermott Wind — 253 MW onshore wind, Scurry County, Texas (ERCOT). Original PPA signed Sept 2015 with Lincoln Clean Energy; LCE acquired by Ørsted Aug 2018. Project COD October 19, 2017.
Lincoln Clean Energy (acquired by Ørsted Aug 2018) → Amazon
Bethel Wind Energy Center — ~250 MW onshore wind, Castro County, Texas (ERCOT)
Southern Power / Invenergy → Google
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.