Atlantica Sustainable Infrastructure has announced that it has reached an agreement to acquire a 49% interest in a 596MW portfolio of four wind assets located in Illinois, Texas, Oregon and Minnesota, USA.
Atlantica’s initial investment is expected to be approximately $196.51 million. The assets have PPAs with investment grade off-takers with 5 years average remaining contract life. Closing is expected to take place in the third quarter of 2021 and is subject to customary conditions and regulatory approvals. Specific project details were not disclosed.
