Innogy Expands US Market Shares

Contract with Terra Firma Capital Partners signed / innogy to become sole owner of EverPower’s wind onshore development business / Acquisition fits innogy’s strategic growth plan for the US / Transaction intended to be closed in the second quarter of 2018 / Local development team based in Pittsburgh to join innogy

innogy SE is advancing its renewables expansion strategy for the US market: The Germany-based energy company innogy and the UK private equity investor, Terra Firma Capital Partners, have signed an agreement to acquire all of the shares in EverPower Wind Holdings’ US onshore wind development business. The acquisition is subject to approval by the US government’s Committee on Foreign Investment in the United States (CFIUS) with estimated closing of the... ... More: Official Press Release innogy

Keywords:

innogy, onshore, pipeline, EverPower, USA