Thursday, 31 December 2015

Taqa gets US approval to sell stake in wind project | GulfNews.com

Taqa gets US approval to sell stake in wind project | GulfNews.com:

"Abu Dhabi National Energy Company (Taqa) has won US approval to sell its stake in the operator of a 205.5 megawatt (MW) wind farm in Minnesota to Qatar-based private equity fund Nebras Power QSC.

Nebras will buy a 50 per cent stake in LWP Lessee, the manager and operator of the Lakefield wind project, according to the Federal Energy Regulatory Commission ruling Wednesday. Terms of the deal, which are yet to be finalised, were not disclosed, a report by Bloomberg said.

Qatar Electricity & Water Co. QSC owns 60 per cent of Nebras. Qatar Petroleum International Ltd and Qatar Holding LLC each hold 20 per cent stakes in the company."



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