Innergex to sell its entire interest in Icelandic assets for US$304.8 million (CAN$408.8 million) (News Release)
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Gleaming Clean Geothermal Energy, by
Will Osborn, Svartsengi power plant, Iceland.
GRC Photo Contest 2016. |
Canadian company
Innergex Renewable Energy Inc. is pleased to announce that an agreement has been reached to sell its wholly-owned subsidiary Magma Energy Sweden A.B. which owns an equity interest of approximately 53.9% in
HS Orka hf for a purchase price of US$304.8 million (CAN$408.8 million) to a Macquarie Infrastructure and Real Assets managed European infrastructure fund, subject to customary closing adjustments.
HS Orka owns two operating geothermal facilities (
Reykjanes and
Svartsengi) totaling 174 MW, the 10 MW Brúarvirkjun run-of-river hydro project which is under construction, a number of prospective renewable power projects, as well as a 30% equity interest in the Blue Lagoon Geothermal Spa and Resort in Iceland.
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