Talen Energy, a U.S.-based energy and power generation company, announced on June 26th an agreement to sell Talen Renewable Energy, LLC to funds managed by California-based Energy Power Partners.
The sale will include 25 projects in four states with a total of 65 MW of nameplate generating 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 has a diverse generating fleet that operates in developed, structured wholesale power markets.
