Infigen Energy Limited
(ASX:IFN) says it has completed the sale of its US wind business to a portfolio company associated with ArcLight Capital Partners for US $274.4 million.
The proceeds from the sale will be used to pay outstanding debt, close out interest rate derivative liabilities and used to pay transaction costs.
The renewable energy company describes the sale as a significant milestone for the company, making it now solely Australian focused.
It also wishes the best to its US employees under the new ownership.
Infigen Energy reported a net loss of $303.6 million at 30 June 2015.
