FRANKFURT (Reuters) - German utility RWE AG ST O.N. (DE:RWEG) on Tuesday said it agreed to sell a 24% stake in four Texan onshore wind farms to UK-based Greencoat UK Wind PLC (LON:UKWG), in a deal giving the participation an enterprise value of $300 million.
RWE will therefore retain a 25% stake in the farms after selling a 51% stake to Canada's Algonquin Power & Utilities Corp (TSX:AQN) last month.