InfraRed Capital Partners to acquire stakes in four wind farms

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InfraRed acquires stakes in four US wind farms from Algonquin Power & Utilities Corp.

Official Press Release InfraRed:

InfraRed Capital Partners to acquire stakes in four wind assets from Algonquin Power & Utilities Corp.

InfraRed Capital Partners (“InfraRed”) today announces that it has entered into an agreement to acquire a 49% stake in a portfolio of three operating, utility-scale wind assets in the US from Algonquin Power & Utilities Corp. (“Algonquin”), a leading renewable energy and utility company with over $17 billion of total assets. InfraRed has also agreed to acquire an 80% stake from Algonquin in Blue Hill, a Canadian wind asset.

The portfolio comprises the following operational projects: Deerfield, a 149 MW wind farm in Michigan Odell, a 200 MW wind farm in Minnesota Sugar Creek, a 202 MW wind farm in Illinois Blue Hill, a 175 MW wind farm in Saskatchewan This acquisition will positively contribute both to the... ... More: Official Press Release InfraRed

InfraRed Capital Partners, agreement, Algonquin, wind farm, onshore

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