sPower announces acquisition of 55 MW solar project in Idaho

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

sPower has announced that it recently acquired the operating 55 MW DC Idaho Solar 1 project, located in Kuna County, Idaho, north-west USA. In addition to ownership, the Idaho Solar 1 project will now be operated by sPower Services.

Placed in service in late 2016, the photovoltaic power plant will continue to operate and sell all output to Idaho Power Company under a 20-year contract.

The purchase was financed with proceeds from a delayed draw on the company's recent bond issuance.

This is sPower's first operating project acquisition since being acquired by AES Corporation and the Alberta Investment Management Corporation (AIMCo) in July 2017.

List of the country updates

Country updates

  • September 21, 2018

    sPower closes US$500 million refinancing

    sPower has announced that it recently closed a US$498.7 million investment grade private placement financing. The financed portfolio represents approximately half of sPower’s 1.3 GW of...

    Read more
  • September 20, 2018

    KDC Solar starts construction of 23.5 MW solar project at US theme park

    KDC Solar LLC has announced that it has begun construction on a 23.5 MW solar photovoltaic system in Jackson, New Jersey. This system will supply Six Flags Great Adventure with clean renewab...

    Read more
  • September 20, 2018

    Vestas to supply and install turbines for 158 MW wind project in the USA

    Vestas has received an order for 144 MW of V136-3.45 MW turbines delivered in 3.6 MW Power Optimised Mode from Avangrid Renewables for the Otter Creek Wind Farm in Illinois, located in the Midwestern...

    Read more
  • September 20, 2018

    Sungevity agrees to acquire EGear, Hawaii Energy Connection

    Sungevity has agreed to acquire the EGear and Hawaii Energy Connection, leaders in Hawaii's advanced solar, storage and grid services market.  Sungevity will now be among the large...

    Read more
  • September 20, 2018

    Atlantic Power signs an agreement to acquire Allendale and Dorchester biomass project from EDF Renewables

    Atlantic Power Corporation has signed an agreement with EDF Renewables to acquire two biomass projects in South Carolina for USD13 million. The two projects are the Allendale and D...

    Read more

Share this update