Atlantica buys out tax equity in Solana CSP project
Atlantica Sustainable Infrastructure plc (Atlantica Yield plc) has exercised the option to buy out the tax equity shares in the 250 MW Solana concentrated solar plant (CSP) project in Arizona of Liberty Interactive Corporation.
The deal involves the selling of Class A shares of ASO Holdings Company LLC, a holding company of Solana. The investment is estimated to be approximately US$290 million. The closing of the acquisition is expected to occur in August, subject to customary conditions.
The project has been in operation since 2013 and has 24 remaining years under contract with Arizona Public Service Company for a fixed-price power purchase agreement (PPA).
Country updates
-
-
August 05, 2020
CMS Energy purchases majority stake in 525MW wind project in USA
CMS Energy has purchased a majority stake in Aviator Wind, a 525 megawatt wind energy project in Texas that will support efforts by Facebook and McDonald's to achieve their clean energy goals. The pro...
Read more -
August 05, 2020
Kayne Anderson Capital Advisors launches renewable energy infrastructure fund
Kayne Anderson Capital Advisors LP has launched an open-ended mutual fund that seeks to invest in renewable energy infrastructure sectors. The Kayne Anderson Renewable Infrastructure Fund,...
Read more -
August 04, 2020
CIP affiliate completes purchase of 350 MWac solar in USA
Solar Plus Development Inc. (SPDI), a subsidiary of Plus Renewable Technologies, Limited and Avondale Solar, LLC have completed the sale of the 350 MWac solar PV project in Fort Bend County, Texas, th...
Read more -
August 04, 2020
PG&E, Tesla starts the construction of 182.5 MW/730 MWh energy storage project in Monterey
Pacific Gas and Electric Company (PG&E) and Tesla Inc. have started the construction of a 182.5-megawatt (MW) lithium-ion battery energy storage system (BESS) at PG&E's electric substation in...
Read more -
August 04, 2020
HMP&L signs PPA deal for Community Energy's 50 MW solar PV project in Kentucky
Community Energy has signed a 20-year Power Purchase Agreement for the 50 MW solar project in Kentucky, with Henderson Municipal Power & Light (HMP&L) HMP&L purchases 100% of the out...
Read more
