# Invenergy-led consortium to acquire AEP's renewables portfolio for $1.5B

IRG Acquisition Holdings, a consortium led by Invenergy with CDPQ and Blackstone Infrastructure, agreed to acquire American Electric Power's 1,365 MW unregulated contracted renewables portfolio for $1.5 billion enterprise value, including 14 wind and solar projects across 11 states.

- Type: Acquisition
- Announced: 2023-02-23
- Where: United States
- Value: $1.50B
- Status: announced
- Capacity: 1365 MW
- Products: wind generation, solar power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [CDPQ](https://endata.com/companies/1260.md) (investor)
- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [American Electric Power](https://endata.com/companies/16081.md) (target)
- [Invenergy](https://endata.com/companies/27606.md) (partner)
- [IRG Acquisition Holdings](https://endata.com/companies/68774.md) (acquirer)

## Sources

- [benzinga.com](https://www.benzinga.com/news/23/02/31041648/invenergy-led-consortium-to-acquire-american-electric-powers-unregulated-renewables-portfolio), 2023-02-24: "IRG Acquisition Holdings (IRGAH) will acquire AEP’s 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5B enterprise value including project debt."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.