US Solar Fund enters exclusivity to acquire 39 MWdc solar portfolio in North Carolina
US Solar Fund plc (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation to acquire an approximately 39 MWDC operating utility-scale solar power portfolio consisting of eight projects located in North Carolina.
In keeping with the company's investment policy, all projects have long-term power purchase agreements (PPA) with investment-grade offtakers. USF's investment manager is completing due diligence and is working towards a binding agreement to acquire the portfolio. All projects are currently operating and selling electricity under their respective PPAs. Subject to the completion of appropriate due diligence and documentation, USF expects to complete the acquisition in the second half of 2019.
More detailed information will be provided once binding acquisition agreements are executed.
Country updates
-
-
October 16, 2019
AT&T signs 160 MW VPPA for 350 MW Frontier Windpower II in US
Duke Energy Renewables has signed a 15-year, 160 megawatt virtual power purchase agreement (VPPA) with AT&T for Frontier Windpower II. Duke Energy Renewables is building the 350 MW Frontier II in...
Read more -
October 16, 2019
Pattern Energy acquires 520MW of wind in Canada and USA
Pattern Energy Group Inc. has signed the agreements to acquire ownership interests in two operating wind power facilities, the Henvey Inlet Wind facility in Ontario, Canada and the Grady Wind facility...
Read more -
October 15, 2019
New York launches RFQ for Offshore wind Port Infrastructure
The New York State Energy Research and Development Authority (NYSERDA), Empire State Development (ESD), and the New York Department of Transportation (DOT) have issued a Request for Qualifications (RF...
Read more -
October 15, 2019
Clean Power Alliance signs PPA for 300 MW White Hills wind farm near Hoover Dam
Clean Power Alliance (CPA) signed a power purchase agreement with a new utility-scale wind farm. The PPA is signed for 300 MW from the White Hills Wind project in Arizona. It is located near Hoover D...
Read more -
October 15, 2019
Michigan regulators approve 166 MW Crescent wind park in Hillsdale County
Consumers Energy has received approval from the Michigan Public Service Commission for the acquisition of a 166 MW wind farm in Hillsdale County. Under the terms of the agreement, the wind project wo...
Read more
