AES acquires wind farm in Chile

AES acquires wind farm in Chile

M&A Project & Infrastructure Finance Energy Renewable Wind Chile US Colombia

AES Gener said it has agreed to buy the 110 MW Los Cururos wind farm in Chile from Colombia's Empresas Públicas de Medellín (EPM) for $138m. In the deal, AES Gener's subsidiary Norgener Renovables will buy the special purpose vehicle that owns the wind farm, while the the Santiago-based power utility company itself will buy EPM Transmission, which owns the affiliated substation La Cebada, according to a securities filing. "This transaction is part of the Greentegra strategy defined by the compan

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