Infigen Energy, an Australian clean-energy developer, will sell its U.S. wind business to Primary Wind Power, LLC, for about $272.5 million.
The transaction is expected to close by October, Sydney-based Infigen said in a statement Wednesday. Infigen has an equity interest of 1,089 megawatts across 18 wind farms in the U.S.
Infigen’s U.S.-based employees will become staff of Primary Wind Power, a newly formed company affiliated with ArcLight Capital Partners, LLC, according to the statement.
The sale is not expected to have any effect on the “business as usual” operational requirements of the Australian business, Infigen said.