SunEdison and TerraForm Power agreed to acquire First Wind for $2.4 billion; Emera will sell its 49% interest in Northeast Wind Partners II to First Wind for $223.3 million; Calpine completed its acquisition of Fore River Energy Center from Exelon for $530 million; NorthWestern Energy closed its $900 million purchase of 11 hydroelectric facilities and one storage reservoir from PPL Montana; juwi solar sold ownership interests in a 50-MW solar facility to Dominion; Dominion acquired a 20-MW solar facility from Canadian Solar.
NorthWestern Energy closed on the previously announced $900 million purchase of eleven hydroelectric facilities representing 633 MW of capacity and one storage reservoir from PPL Montana. NorthWestern previously announced the issuance of equity and debt securities to finance the acquisition from PPL Montana.
PPL Montana sold its hydroelectric facilities to NorthWestern Energy for $900 million; Chesapeake Utilities sold BravePoint; Echelon completed the sale of its grid operations to S&T AG; Plus a debt redemption from Virginia Electric & Power, a private placement offering from DPL, and an IPO for Dominion Midstream Partners.
PPL Montana has agreed to sell its hydroelectric facilities to NorthWestern Energy. Montana Public Service Commission voted to prepare an order approving NorthWestern Energy's request to purchase the facilities. The agreement includes PPL Montana's 11 hydroelectric power plants, which have a combined generating capacity of more than 630 MW, as well as the company's Hebgen Lake reservoir. PPL Montana and NorthWestern have secured required approvals from FERC, as well as the necessary clearance from the antitrust enforcement agencies.