Capital Dynamics acquires 300MW solar project in USA

Capital Dynamics has announced the acquisition of the Eagle Shadow Mountain Solar Project being developed by 8minute Solar Energy. Located near Clark County, Nevada, Eagle Shadow Mountain is the first of two clean energy projects on the site that 8minute is contracted to develop and deploy. The 300 MWac/387 MWdc solar project is slated for completion and opening by the end of 2021.

Located on the Moapa River Indian Reservation, the Eagle Shadow Mountain project is anticipated to generate up to 400 new jobs during the 18-month construction period, with 10 full-time employees working at the plant upon completion. Occupying a remote corner of the Nevada desert, the Moapa River Indian Reservation has a population of less than 250 full-time residents. As with previous projects in the area, the developers will rely heavily on the rich talent pool provided by the Moapa Band of Paiutes—both for building and operating the solar and storage plant.

Upon completion, the Eagle Shadow Mountain project is expected to generate more than 900,000 MWh of clean electricity per year. NV Energy has entered into a long-term power purchase agreement for the municipality’s coverage area of 44,000 square miles with 2.4 million customers.

The acquisition of the Eagle Shadow Mountain project increases the Capital Dynamics CEI global portfolio to approximately 6.1 GWdc of gross power generation, including the addition of 1.3 GWdc of solar generation in 2019. In addition, Capital Dynamics now owns six of the 20 largest solar projects in the United States.

The Eagle Shadow Mountain project will increase 8minute’s national portfolio to over 15 GW of solar PV and storage under development—with 1,500+ MW of utility-scale projects producing power and 3,100+ MW of PPAs executed. The company’s projects have raised US$6 billion of capital since 2015.