Repsol: acquisition of ConnectGen from Quantum Capital Group
(CercleFinance.com) - The Spanish company signed an agreement to acquire US renewable development company ConnectGen for $768 million (c.
E715 million).
This transaction is a new milestone in Repsol Renewables' strategy to strengthen its position as a global player in the renewable energy business, increasing its international footprint and contributing to its goal of 20,000 MW of installed renewable generation capacity by 2030.
Based in Houston, Texas, ConnectGen is a renewable developer with a multi-technology approach and full in-house development capabilities, especially in US onshore wind projects.
ConnectGen's development pipeline includes 20,000 MW of onshore wind, solar and energy storage projects at different levels of maturity across the most attractive US energy regions.
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