Energy Power Partners (EPP), a clean power-focused private equity and infrastructure firm, announced Nov. 2 that it has completed its acquisition of Talen Renewable Energy LLC from Talen Energy (NYSE: TLN).
Owned by PPL Corp. (NYSE: PPL) prior to the establishment of Talen Energy in June 2015, Talen Renewable Energy consists of a portfolio of 25 utility-grade clean power projects in Pennsylvania, New Jersey, Vermont and New Hampshire, with a total of 65 MW of nameplate capacity. The portfolio includes landfill gas-to-energy, solar, wind and cogeneration projects. Talen Renewable Energy’s full staff has transitioned to EPP as part of the transaction.
The Federal Energy Regulatory Commission approved this deal on Oct. 22.
Founded in 2009, EPP is a private equity and infrastructure firm pursuing long-term investments in small to medium-sized North American clean power projects with contracted cash flows. The firm’s current portfolio consists of operating assets located in the U.S. and contracted with highly creditworthy utility, corporate and government offtakers.
Talen Energy is one of the largest competitive energy and power generation companies in the United States, with a diverse generating fleet that operates in well-developed, structured wholesale power markets.