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Innogy Announces U.S. Wind Platform Purchase as Tax Bill Signed Into Law

Dec 22, 2017 - Power, Finance and Risk

In a sign that last-minute amendments to the Republican tax reform bill have restored confidence in development-stage U.S. wind assets, Germany's Innogy has officially announced its acquisition of EverPower Wind Holdings' project pipeline.

EverPower's owner, U.K. private equity firm Terra Firma, had lined Innogy up as the buyer of the development platform earlier this year, following an auction run by Barclays and KeyBanc Capital Markets, PFR reported in September (PFR, 9/29).

In Nov...