AES Sells 100% of its Equity Interests in 87.5 MW of Operating Wind Projects in the United Kingdom for $160 Million
Submitted by aburr on Wed, 2014-08-20 17:06AES entered into an agreement with SYND Holdco Limited, a joint venture of Greencoat UK Wind PLC and Swiss Life Funds Global Infrastructure Opportunities to sell 100% of its equity interests in four operating wind projects in the United Kingdom, totaling 87.5 MW, for $160 million, subject to customary purchase price adjustments. This transaction includes four operating wind projects in the United Kingdom: 28.6-MW Drone Hill; 22-MW North Rhins; 20.5-MW Sixpenny Wood; and 16.4-MW Yelvertoft.