Northleaf Capital Partners buys stake in Los Angeles power project
Canadian private equity and infrastructure manager Northleaf Capital Partners will purchase about 40 percent interest in the second phase of the Don A. Campbell project, which will deliver electricity to Los Angeles, California. The deal emerges from Northleaf's previously announced joint venture partnership with Ormat Technologies Inc (NYSE: ORA). Under the terms of the partnership, Northleaf will pay US$175 million to acquire a 40 percent equity interest in the joint venture and its renewable power assets. Ormat Technologies is based in Reno, Nevada.
25 March 2015•4 mins read
