renewable power

American Electric Power (AEP) has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings at an enterprise value of $1.5 billion. The sale portfolio includes 14 projects, representing 1,200 MW of wind and 165 MW of solar in 11 states.

The brand-new joint venture is called AMPYR Energy United States and will certainly be headquartered in New York. It will utilize the experience of AGP that has actually created large scale RE projects across the globe and likewise harness the power trading analytics of Hartree.

This rates of interest of 7.2% is dealt with for 42 months as well as it's the most affordable in terms of rupee financing for Azure Power's existing portfolio until now. It has been learnt that for this refinancing facility, L&T Finance Limited has actually served as the sole expert.

Boralex Inc. (" Boralex" or the "Corporation") (TSX: BLX) introduces the signing of a company PPA1, whereby the Corporation will provide IBM's France-based locations with sustainable electrical power. The agreement, effective January 1, 2021, covers a five-year duration.