ArcLight Sells CPV Wind

ArcLight Capital Partners and Competitive Power Ventures have agreed to sell CPV Wind Ventures LLC to Spain-based Iberdrola SA. No financial terms were disclosed for the deal, which is expected to close early next month. CPV Wind owns a portfolio of wind power projects totaling 3,500 megawatts across 15 states. It also has a contract for a large block of General Electric wind turbines to support the development portfolio.