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Investor group to buy Calpine for $5.6 billion

from Renewable Energy World

Calpine Corp. on Friday said that a consortium of investors will buy the geothermal electricity supplier for $5.6 billion. Energy Capital Partners along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board have agreed to pay $15.25 per share in cash for the company. According to Calpine, it owns 13 geothermal facilities in California with a total generating capacity of 725 MW. more

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