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PPL Corp. to sell Safari Energy
Paula Wolf, Contributing Writer//September 30, 2022
PPL Corp. to sell Safari Energy
Paula Wolf, Contributing Writer//September 30, 2022
PPL Corp. announced Thursday that it has agreed to sell PPL Safari Holdings LLC, parent company of Safari Energy LLC, to a subsidiary of Dallas, Texas-based Aspen Power Partners for an undisclosed price.
The transaction, expected to close in the fourth quarter of this year, is pending review by the U.S. Justice Department.
Safari Energy, which Allentown-based PPL purchased in 2018, acquires solar projects and develops and manages solar facilities for commercial and industrial customers and public sector organizations.
PPL’s decision to sell Safari comes as the company sharpens its focus on its core business of high-performing regulated utilities in the U.S. and on advancing clean energy transition, a release said.
The PPL Corp. and its subsidiaries provide energy services to about 3.5 million customers.
Paula Wolf is a freelance writer
