Sempra Energy today announced that it has completed the sale of its U.S. operating solar assets, solar and battery storage development projects, as well as its ownership interest in one wind facility, to Consolidated Edison, Inc. for approximately $1.6 billion in cash, subject to customary post-closing adjustments.
"With the completion of this sale, we continue to build momentum toward becoming North America's premier energy infrastructure company, while expanding our opportunities to build and acquire other energy infrastructure," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "We've had a long-standing relationship working with Con Edison and want to commend their leadership team for their efforts to expeditiously complete this transaction."
The transaction included: Mesquite Solar 2 and 3 in Arizona; Copper Mountain Solar 1 and 4 in Nevada; Great Valley Solar in California; and solar and battery storage development projects. Additionally, Con Edison also acquired Sempra Energy's interest in the jointly owned facilities including: Mesquite Solar 1; Copper Mountain Solar 2 and 3; the Alpaugh, Corcoran and White River solar facilities in California; and the Broken Bow II wind facility in Nebraska. The sale represents approximately 980MW AC of installed capacity.