Capital Dynamics to acquire 316 MW solar portfolio from LS Power

Capital Dynamics, through its Clean Energy Infrastructure (CEI) business, has entered into an agreement to acquire interests in three solar photovoltaic (PV) projects from LS Power. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2020.

The portfolio comprises 316 MW 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 MW located in Imperial County, CA
• 30% interest in Arlington Valley Solar Energy II, 53 MW located in Maricopa County, AZ
• 100% Interest in Dover Sun Park, 11 MW located in Dover, DE

King & Spalding LLP and Amis, Patel & Brewer LLP has acted as legal counsel for Capital Dynamics.