Goldman Sach completes purchase of stakes in 100 MW Mustang solar PV project
The Renewable Power Group of Goldman Sachs Asset Management has completed the purchase of a remaining equity stake of Recurrent Energy, a unit of Canadian Solar, in the 100 MW Mustang solar photovoltaic project located in Kings County, California, USA.
The solar power plant is built over 450 hectares of land and has been in operation since 2016. It has a long-term power purchase agreement (PPA) deal with Sonoma Clean Power and MCE. Canadian Solar will continue to provide asset management services to the project.
The deal includes the sale of Recurrent’s Class B ownership interests in the 30-MW Mustang, 40-MW Mustang 3 and 30-MW Mustang 4 facilities, while passive tax equity investors will continue to own all noncontrolling Class A membership interests.
Country updates
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May 28, 2019
US approves RWE's acquisition of E.on's renewable energy business
The US Federal Trade Commission (FTC) has approved the acquisition of the renewables operations of North Amercian E.ON by German RWE. The transaction with E.ON will involve RWE acquiring the renewabl...
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May 27, 2019
Buckeye Partners agrees to be acquired by IFM Investors for US$41.50 per common unit
FM Investors and Buckeye Partners, L.P. has announced a definitive agreement under which the IFM Global Infrastructure Fund will acquire all of the outstanding public common units of Buckeye...
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May 27, 2019
Church Pension Fund to invest in clean energy
The financial services organization that serves the US-based Episcopal Church, Church Pension Fund (CPF), has invested US$40 million to clean energy projects. CPF has invested in ...
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May 27, 2019
SDCL enters agreement to acquire US CHP portfolio
SDCL Energy Efficiency Income Trust plc, managed by Sustainable Development Capital LLP, is pleased to announce the acquisition of a 71% interest in a high-quality Combined Heat and Power portfol...
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May 24, 2019
Siemens Gamesa to equip 232 MW wind project in US
Siemens Gamesa Renewable Energy has been awarded another order by EDF Renewables to supply 30 SG 4.5-145 and 36 SG 2.7-129 wind turbines for the 232 MW Milligan wind project, located in Milligan Count...
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