An auction is underway for a 1.4 GW portfolio of operational and contracted development-stage wind and solar assets spread across North and South America.
Invenergy is working with Rubicon Infrastructure Advisors on the sale process for the assets. Binding bids for the portfolio are due next week and Invenergy is aiming to close a deal by the second week of June.
Strategic and financial investors from around the world are said to have expressed interest in the portfolio, which includes four operating assets in Illinois, New England and Uruguay, totaling 250 MW, as well as a 1.15 GW pipeline of contracted, development-stage assets.
The operational portfolio comprises 170 MW of wind generation and 80 MW of solar. The in-service assets are contracted under power purchase agreements with an average life of 21 years, versus 17 years for the development-stage projects.
Specifics regarding the individual projects could not be confirmed by press time. Spokespeople for Invenergy in Chicago and Rubicon in New York either declined to comment or did not immediately respond to inquiries.