AES sells its interests in French wind generation projects
- July 2, 2012
Arlington-based AES Corp. has completed the sale of its interests in wind generation assets in France million to Boralex Europe S.A for $42 million.
AES sold the 34.5 megawatt St. Patrick wind farm and its minority share of InnoVent SAS, which controls 114 megawatts of wind assets in operation and under construction. The transaction represents 73 megawatts of generation capacity.
Proceeds from the deal will be used to pay down debt, invest in new businesses or repurchase shares.