Talen Energy Announces Agreement to Sell Renewable Energy Business

By Talen Energy.

Talen Energy announced Friday (6/26) an agreement to sell Talen Renewable Energy, LLC to funds managed by California-based Energy Power Partners.

The sale will include 25 projects in four states with a total of 65 megawatts of nameplate generating capacity. The portfolio includes landfill gas-to-energy, solar, wind and cogeneration projects. Subject to regulatory approvals, the agreement is expected to close by the end of the year.

Talen Energy (NYSE:TLN) is one of the largest competitive energy and power generation companies in the United States, with a diverse generating fleet that operates in well-developed, structured wholesale power markets.