Simec Atlantis Energy Ltd., a renewable energy developer, agreed to buy SIMEC Green Highland Renewables from the SIMEC group in a deal that values it at 124.7 million pounds ($159.7 million)
SIMEC Green Highland Renewables has a portfolio of operating hydroelectric assets with total capacity of 20 megawatts, according to a Nov. 23 statement. It’s also developing two additional projects with combined capacity of 8 megawatts. The deal is expected to close in the first quarter.
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