AIMCo Goes Solar, Invests in FTP Power with AES Corporation

Savvy hedge funds and private equity firms have long-known the desires of large-scale utilities and cash-rich asset owners to own operating renewable energy assets.

solarpanelsThe political pressure to own profitable sustainable assets is a key factor for many of these deals. AES Corporation and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have agreed to acquire FTP Power LLC, also known as sPower or Sustainable Power Group, from Fir Tree Partners and its minority owners, for US$ 853 million in cash, plus the assumption of US$ 724 million in non-recourse debt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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