Sempra Energy announced that it has entered into an agreement to sell its U.S. non-utility operating solar assets, solar and battery storage development projects and one wind facility to Consolidated Edison, Inc.
"This sale represents an important step forward in the portfolio-optimization plan we announced in June to support market growth opportunities," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "We plan to work closely with Consolidated Edison to ensure a smooth transition."
The sale comprises approximately 980MW AC of installed capacity in Sempra Energy's non-utility renewables portfolio. The sale is expected to be completed near the end of 2018.