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American Electric Power to Sell Renewable Portfolio to IRG for $1.5 Billion

The portfolio consists of 1.2 GW of wind and 165 MW of solar projects

February 24, 2023

/ Arjun Joshi
/ Finance and M&A, Renewable Energy
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American Electric Power (AEP) has agreed to sell 1,365 MW of its unregulated, contracted renewables portfolio to IRG Acquisition Holdings at an enterprise value of $1.5 billion, which includes the associated project debt.

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Arjun Joshi

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