AEP unregulated renewables portfolio — 1,365 MW (1,200 MW wind + 165 MW solar) across 14 projects in 11 states
Signed Feb 2023; closed August 16, 2023. Invenergy/CDPQ/Blackstone consortium acquired 14-project portfolio for $1.5B enterprise value ($1.2B net cash to AEP). Concurrent $580M PTC transfer to Bank of America — among first significant IRA Section 6418 transferability transactions. Demonstrated viability of post-IRA tax credit transfer market at scale.
$1.50B
Deal Value
1,365MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- AEP (American Electric Power)
- Deal Value
- $1.5B EV + $580M BofA PTC transfer (first-of-kind under IRA)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- AEP
Finance Counterparties
Lenders & Capital Providers
- taxEquityProviders
- Bank of America
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