Invenergy-Led Consortium Completes Purchase Of American Electric Power'S Unregulated Renewables Portfolio
Aug 16, 2023•over 2 years ago
Acquiring Company
INVENERGY-LED CONSORTIUM
Acquired Company
RENEWABLES PORTFOLIO
Description
Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, today announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by Blackstone Infrastructure Partners (Blackstone), has closed on the acquisition of American Electric Power's (AEP) 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5 billion enterprise value.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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