InfraBridge sells its stake in a 5.4 GW North American energy portfolio to ArcLight
InfraBridge sold its 50% stake in the joint venture Invenergy AMPCI Thermal Power (IATP) to funds of ArcLight Capital Partners. The company owns 11 power generation assets in the United States and Canada with roughly 5.4 GW of capacity. The deal amount was not disclosed. Invenergy keeps the remaining 50% and remains the operator. The agreement, announced in March, is subject to customary regulatory approvals. InfraBridge had invested in the joint venture in 2018.
In 35 seconds
- ArcLight Capital Partners acquires 50% of Invenergy AMPCI Thermal Power, which holds 11 generation assets in the US and Canada.
- The portfolio totals about 5.4 GW of capacity; the transaction amount was not disclosed.
- Invenergy retains the remaining 50% and continues as operator of the portfolio.
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IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.
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