Atlantic Power to buy South Carolina biomass plants from EDF [Seeking Alpha]
ATLANTIC POWER CORP (AT)
Last atlantic power corp earnings: 2/27 05:13 pm
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Source: Seeking Alpha
Atlantic Power (NYSE: AT ) agrees to acquire two biomass plants in South Carolina from EDF Renewables ( OTCPK:ECIFY ) for $13M. Closing of the deal is expected to occur in Q3 or Q4 2019, following a restructuring of the plants' ownership structure by EDF Renewables after the end of relevant tax credit recapture periods. The two plants, each with a capacity of 20 MW, have been in commercial operation since 2013; all output of the two plants is sold to utility Santee Cooper under power purchase agreements that run to 2043. Click to subscribe to real-time analytics on AT Now read: San Juan Basin Royalty -4.5% as Hilcorp revises 2018 capex to $3.92M » Subscribe for full text news in your inbox
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