On May 30, Portland General Electric Reached An Agreement To Acquire Evergreen Bess, A 75-MW Facility To Be Located In Oregon With An Investment Of ~$150M
Portfolio Pulse from Charles Gross
Portland General Electric (POR) has agreed to acquire Evergreen Bess, a 75-MW facility in Oregon, with an investment of approximately $150 million.
May 31, 2023 | 10:41 am
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POSITIVE IMPACT
POR's acquisition of Evergreen Bess, a 75-MW facility, for ~$150M could expand its renewable energy portfolio and strengthen its position in the market.
The acquisition of Evergreen Bess will expand POR's renewable energy portfolio, which could lead to increased revenues and a stronger market position. This is likely to have a positive impact on POR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100