Talen Energy has announced an agreement to sell Talen Renewable Energy, LLC to funds managed by Energy Power Partners.
The sale to the California-based company will include 25 projects in four states with a total of 65 MW capacity. The portfolio includes landfill gas-to-energy, solar, wind and cogeneration projects. Subject to regulatory approvals, the agreement is expected to close by the end of the year.
Talen Energy (NYSE:TLN) is one of the largest competitive energy and power generation companies in the United States, with a diverse generating fleet that operates in well-developed, structured wholesale power markets.