Capital Dynamics completes acquisition of 316 MW of solar PV projects from LS Power
Capital Dynamics's Clean Energy Infrastructure (CEI) business has completed the acquisition of three solar photovoltaic (PV) projects from LS Power. Simultaneously, CEI completed the placement of over US$400 million in long-term, fixed-rate notes with top-tier institutional investors.
The portfolio comprises 316 megawatts (MWdc) of operating solar resources located in California, Arizona, and Delaware. Each project utilizes commercially proven and efficient technology and is fully contracted under long-term power purchase agreements. The projects achieved commercial operations between 2011 and 2014.
The portfolio includes:
- 100% interest in Centinela Solar Energy, 252 MWdc located in Imperial County, California
- 30% interest in Arlington Valley Solar Energy II, 175 MWdc located in Maricopa County, Arizona
- 100% Interest in Dover Sun Park, 11 MWdc located in Dover, Delaware
Jefferies, LLC served as Exclusive Financial Advisor and Lead Placement Agent for the acquisition and financing with Commonwealth Bank of Australia as Co-Manager of the private placement notes. King & Spalding, LLP and Amis, Patel & Brewer, LLP served as legal counsel for Capital Dynamics.
Country updates
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November 24, 2020
Greenbacker invests in 80 MW Fall River Solar in South Dakota
Greenbacker Renewable Energy Company LLC (GREC), through a wholly-owned subsidiary, purchased a to-be-constructed 80 MW solar project from Broad Reach Power LLC. The project, Fall River Solar, is loc...
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November 24, 2020
Falck Renewables, Eni sign an agreement to acquire 30 MW Westmoreland solar project in Virginia
Falck Renewables North America, Inc. and Eni New Energy US, Inc. through Novis Renewables Holdings, LLC, a partnership with 51% and 49% shares respectively, have signed an agreement with Savion, LLC (...
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November 24, 2020
Cypress Creek Renewables commissioned 162 MW Wagyu solar project in Texas
Cypress Creek Renewables and Cubico Sustainable Investments have started the commercial operation of its 162 MW Wagyu solar photovoltaic project in Texas, USA. Cubico is backed by ...
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November 23, 2020
FirstLight Power signs PPA for two hydro plants in Montague
Rhode Island, Vermont, and 21 public power entities from Massachusetts have agreed to purchase 200 million kilowatt-hours per year of hydroelectric power produced by FirstLight Power in Western M...
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November 20, 2020
Nucor to buy power from 250 MW solar project in Texas
Nucor Corporation has signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts (MWac) of new solar energy in Texas. The agreement, which will...
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