American Electric Power on Wednesday sold its 1,365-MW unregulated renewable energy portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, pension fund Caisse de dépôt et placement du Québec, and funds managed by Blackstone Infrastructure.
The $1.5 billion transaction is one of the largest, fully-operational renewables portfolio to come to market in years, according to Norton Rose Fulbright, which advised IRG on the deal.
