Wed, Apr. 1, 8:25 AM
- Atlantic Power (NYSE:AT) agrees to sell its wind generation projects, consisting of five projects located in Idaho and Oklahoma, to TerraForm Power (NASDAQ:TERP) for $350M in cash.
- AT also will deconsolidate $249M of project debt and $239M of non-controlling interest related to tax equity interests at the Canadian Hills project and the minority ownership interests at Rockland and Canadian Hills; on that basis, the total enterprise value of the deal is ~$837M.
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