Falck Renewables, Eni US Acquire Wind and Solar Projects in US
August 27 2020 - 3:39AM
Dow Jones News
By Olivia Bugault
Falck Renewables SpA and ENI SpA's U.S. subsidiary Eni New
Energy US Inc. have signed an agreement with Building Energy SpA
for the acquisition of wind and solar projects in the U.S. for a
total price of $32.5 million, the companies said in a joint
statement Thursday.
Under the deal--which went through Novis Renewables Holdings, a
partnership between Falck Renewables and Eni U.S. that respectively
own a 51% and 49% stake in it--the companies will acquire Building
Energy Holdings US, LLC, also known as Behus, they said.
"Behus business consists of 62 megawatts of operating wind and
solar projects in the U.S., a development and asset management team
and a pipeline of wind projects up to 160 MW," they said.
The purchase price will be adjusted in line with market practice
and the deal is expected to close by the end of the year, the
companies said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
August 27, 2020 03:24 ET (07:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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