The independent global private asset management firm, Capital Dynamics, has announced that its Clean Energy Infrastructure (CEI) business has entered an agreement with LS Power to acquire interests in three solar projects. The transaction is expected to close in the fourth quarter of 2020.
The portfolio consists of 316 MV solar resources located in Arizona, California and Delaware.
The portfolio includes:
100% interest in Dover Sun Park, 11MV located in Dover, Delaware.
100% interest in Centinela Solar Energy, 252MV located in Imperial County, California.
30% interest in Arlington Valley Solar Energy II, 53MV located in Maricopa County, Arizona.
The managing director of CEI at Capital Dynamics in New York, Tim Short, said the acquisition of this portfolio is consistent with their strategy of acquiring or developing CEI assets in attractive locations. He said these high-quality projects will be an important addition to their 4.6 GW solar portfolio and their 2.9 GWh energy storage portfolio, compounding their ability to achieve benefits of scale, leverage their deep operational experience, and unlock opportunities to add value to this critical energy infrastructure.
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