American Electrical Energy (AEP) has accomplished the sale of its 50% curiosity in New Mexico Renewable Growth (NMRD) to Exus North America Holdings, netting roughly $104 million within the deal.
The sale portfolio consists of 9 working photo voltaic developments totaling 185 MW and 6 initiatives below improvement with an estimated 440 MW output.
AEP started the sale course of in June and acquired needed regulatory approval from the Federal Vitality Regulatory Fee, New Mexico regulatory approvals related to one in every of NMRD’s initiatives and clearance below the Hart-Scott-Rodino Antitrust Enchancment Act of 1976.
