RWE sells stake in Texan wind farms for $600 million

Industry:    2020-12-15

RWE, Europe’s third-largest renewables company, on Monday said it agreed to sell onshore wind assets in Texas with an enterprise value of $600 million to Algonquin Power & Utilities Corp.

The sale of a 51% stake in four onshore wind farms equates to 439 megawatts of capacity, RWE said.

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