RWE sells stake in Texan wind farms for $600 million

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RWE, Europe’s third-largest renewables company, on Monday said it agreed to sell onshore wind assets in Texas with an enterprise value of $600 million to Algonquin Power & Utilities Corp.

The sale of a 51% stake in four onshore wind farms equates to 439 megawatts of capacity, RWE said.

Baburajan Kizhakedath
Baburajan Kizhakedath
Baburajan Kizhakedath is the editor of GreentechLead.com. He has three decades of experience in tech media.

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