German utility RWE has signed a deal to divest a 24% stake in four onshore wind farms in the US State of Texas to UK renewables investment manager Greencoat for $160m.
RWE in December 2020 had already said it would sell a 51% stake in the same projects to a unit of Algonquin Power & Utilities. The disposal is part of RWE’s capital rotation programme and the proceeds will be used to finance further growth in its renewable energy business.
