Capital Dynamics closes acquisition of 180 MW Townsite solar hybrid project in US

Capital Dynamics, an independent global private asset management firm, has announced that its Clean Energy Infrastructure (CEI) business has acquired the Townsite Solar Project, a 180 MWac / 231 MWdc solar project located in Boulder City, Nevada, through the acquisition of Skylar Townsite LLC. The Townsite project will also feature a 90 MWac / 360 MWh energy storage facility which will be one of the largest in the world. The transaction has closed and financial details of the transaction were not disclosed.

Three long-term PPAs to service two municipalities and a cooperative have been secured. The Townsite solar project is expected to be fully constructed by the end of 2021. The project is expected to create 300 jobs with a peak demand of 400 jobs during a 12-month construction period. The plant is expected to have 10 full time onsite and offsite employees.

The Townsite Solar Project is part of Gigawatt 1, one of the largest solar project portfolios in the world announced by Capital Dynamics, Tenaska Power Services Co. and Switch in February 2018. Gigawatt 1 aims to generate the lowest priced solar power in Nevada and generate enough clean energy to power nearly one million homes.