Private Equity
U.S. private equity firm ArcLight Capital Partners has agreed to buy TransCanada Corp‘s hydroelectric power portfolio in New England. The acquisition, which is being made by ArcLight affiliate Great River Hydro, is valued at US$1.065 billion, TransCanada announced in a separate statement. The deal is expected to close in the first half of 2017. The assets to be acquired are 13 facilities on the Connecticut and Deerfield rivers. They include the 192 megawatt Moore facility, the largest conventional hydro station in New England. Calgary-based TransCanada is an energy infrastructure company. BOSTON, Nov. 1, 2016 /PRNewswire/ — ArcLight Capital Partners, one of the leading renewable energy investors in the...