Capital Dynamics acquired 316 MW PV projects from LS Power
Post date: 20/11/2020 - 08:37
Swiss headquartered private asset manager Capital Dynamics AG announced today that its Clean Energy Infrastructure (CEI) business has completed the purchase of three solar photovoltaic projects from LS Power. Simultaneously CEI completed the placement of over $400 million in long-term, fixed-rate notes with top-tier institutional investors.
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 »Centinela Solar Energy« (100 percent interest), 252 MW located in Imperial County, California; »Arlington Valley Solar Energy II« (30 percent), 175 MW, located in Maricopa County, Arizona; »Dover Sun Park« (100 percent), 11 MW, located in Dover, Delaware. According to the company, with the addition of these solar assets in the United States, the existing facilities are exceeding 3.5 GW.