INFIGEN, OWNER OF KUMEYAAY WIND IN CAMPO, ANNOUNCES SALE OF ITS U.S. WIND ENERGY BUSINESS

July 2015 Articles

By Miriam Raftery

July 16, 2015 (Campo) – Infigen Energy, owner of the Kumeyaay Wind facility in Campo, announced last week that it has agreed to sell its entire U.S. wind business to Primary Wind Power, LLC, a new private equity firm.

The $272.5 million deal is anticipated to close by October, but is subject to certain closing conditions.

View Infigen’s press release: http://www.infigenenergy.com/about-us/news/infigen-sells-us-business.html

Infigen’s US wind business comprises Class B equity interests in 18 US wind farms with a total installed capacity of approximately 1,557 MW, of which Infigen’s Class B equity interests comprise 1,089 MW on an economic interest basis.

In addition, Infigen has an investment in Class A cash flow interests in relation to 9 of those wind farms and owns a US based asset management business.

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