Announced
Financials
Tags
solar power
Domestic
United States
Disposal
Friendly
photovoltaic energy assets
Acquisition
Single Bidder
Pending
Renewable Energy Equipment
Majority
Private
Private Equity
Synopsis
Capital Dynamics, an independent global private asset management firm, agreed to acquire three solar photovoltaic projects from LS Power, an investment, development and operating company. Financial terms were not disclosed. "The acquisition of this portfolio is consistent with our strategy of acquiring or developing clean energy infrastructure assets in attractive locations. These high-quality, contracted projects will be an important addition to our 4.6 GW solar portfolio and our 2.9 GWh energy storage portfolio, compounding our ability to achieve benefits of scale, leverage our deep operational experience, and unlock opportunities to add value to this critical energy infrastructure," Tim Short, Capital Dynamics Managing Director.
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