Talen Energy announces agreement to sell Renewable Energy Business

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Talen Energy announces agreement to sell Renewable Energy Business

Talen Energy has achieved an agreement to sell Talen Renewable Energy, LLC to funds managed by California-based Energy Power Partners.

The sale will include 25 projects in four states with a total of 65 MW of nameplate generating capacity. The portfolio includes landfill gas-to-energy, solar, wind and cogeneration projects.

Subject to regulatory approvals, the agreement is expected to close by the end of the year.

Talen Energy is a new electric generation company formed from the generation assets of PPL and Riverstone Holdings. It is a competitive energy and power generation company in the United States, with a diverse generating fleet that operates in well-developed, structured wholesale power markets.

Energy Power Partners is a fund manager that makes project equity investments in the renewable and clean energy sector. The team targets small to mid-sized operating assets and construction-ready projects located in North America with contracted cash flows.

Share this news