Eversource Energy (ES) has released an update.
Eversource Energy has inked a deal to sell its stakes in two wind projects to GIP IV Whale Fund Holdings for around $1.1 billion, subject to adjustments. The transaction, expected to close mid-2024, includes shared responsibilities and potential post-closing price adjustments to ensure a targeted internal rate of return for the buyer. The sale is contingent on various regulatory approvals and the achievement of commercial operation dates for the projects.
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