PPL - Mergers and acquisitions

With the goal of reaching gigawatt scale by mid-decade, Aspen acquires Safari Energy from PPL Corporation Aspen Power Partners LLC ("Aspen"), a distributed generation platform with the mission of accelerating decarbonization, today announced a $350 million investment from funds managed by global investment firm Carlyle (NASDAQ:CG). The investment supports Aspen's organic and acquisition-driven growth strategy targeting the community, multifamily, and commercial & industrial ("C&I") solar and storage markets. To launch this strategy, Aspen has acquired Safari Energy, LLC ("Safari") from PPL Corporation (NYSE:PPL). This press release features multimedia. View the full release here: https://w

ALLENTOWN, Pa., Sept. 29, 2022 /PRNewswire/ -- PPL Corporation has reached an agreement to sell PPL Safari Holdings LLC, parent company of Safari Energy LLC – a subsidiary that acquires solar projects and develops and manages solar facilities for commercial and industrial customers and public sector organizations. A subsidiary of Aspen Power Partners LLC has agreed to acquire PPL Safari pending review by the U.S. Department of Justice. PPL's decision to sell Safari reflects the company's recent strategic repositioning as it sharpens its focus on its core business – high-perfor

MINNEAPOLIS and ALLENTOWN, Pa., Sept. 27, 2021 /PRNewswire/ -- SOO Green HVDC Link (SOO Green) is pleased to announce that PPL Corporation has acquired an ownership interest in the SOO Green project. SOO Green is a first of its kind underground HVDC transmission line located primarily along Canadian Pacific rail that will connect the MISO and PJM regional energy markets, enabling the delivery of 2,100 MW of renewable energy from the upper Midwest to eastern markets. The innovative 350-mile project will use state-of-the-art 525KV class underground cable and Siemens' modern Vol