Energy Power Partners Closes Acquisition of Talen Renewable Energy, LLC
SANTA MONICA, CA – Energy Power Partners (EPP), a clean power-focused private equity and infrastructure firm, announced today that it has completed its acquisition of Talen Renewable Energy, LLC from Talen Energy.
Owned by PPL Corporation 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 megawatts of nameplate generating 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.
About Energy Power Partners
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. http://www.energypowerpartners.com
About Talen Energy
Talen Energy (NYSE: TLN) 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. https://www.talenenergy.com