Marubeni finds buyer for US generation assets
28 April 2020 - 12:00 am UTC
A subsidiary of Marubeni recently sold its stake in a 1 GW portfolio of contracted natural gas-fired generation assets in the US to an infrastructure investor.
In the deal, BlackRock Global Energy and Power Infrastructure Fund III (GEPIF III) acquired Marubeni Power America, Inc.’s 49% interest in a 1,041 MW portfolio, according to an industry source.
Financial terms could not be determined.