Latest Breaking News On - Atlantica sustainable - Page 13 : comparemela.com
10 Best Alternative Fuel Stocks to Buy Now
insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Earnings Scheduled For May 6, 2021
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Affordable super-cyclicals: Top picks for a surging U S economy
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
For investors, the chief concern when it comes to investing in renewable energy companies is their generally erratic performance. Even after decades, the industry is still evolving. It may take several more years, if not decades, before some companies in the renewable energy space start generating steady profits.
However, against that backdrop, there are other renewable energy companies that are not only generating steady cash flows but are also paying hefty dividends to their shareholders. Here are three that are already doing well and look set to grow in the long run.
OMERS Infrastructure Sells Interest in a Wind Portfolio to Atlantica Sustainable Infrastructure
Posted on 04/09/2021
Disclosed on April 8, 2021, OMERS Infrastructure signed an agreement to sell its 49% minority interest in a 596MW portfolio of four wind assets located in Illinois, Texas, Oregon, and Minnesota (Vento II), at a purchase price of approximately US$ 196.5 million to Atlantica Sustainable Infrastructure plc. The assets have PPAs with investment grade off-takers with 5 years average remaining contract life and have demonstrated proven operational track record. Pro-forma including this acquisition, Atlantica’s portfolio average contract life is 16 years as of March 31, 2021.
OMERS has invested in Vento since 2012.
The transaction is expected to close in the second quarter of 2021, after obtaining regulatory approvals and meeting customary closing conditions. Scotiabank served as transaction advisor to OMERS Infrastructure.