Announced
Completed
Financials
Tags
Majority
Private
Completed
solar energy
United States
Alternative Electricity
Cross Border
Disposal
Friendly
Acquisition
Infrastructure
Private Equity
Single Bidder
Synopsis
Capital Dynamics, an independent global asset management firm, completed the acquisition of the remaining 69.98% stake in Arlington Valley Solar Energy II, a 175 megawatt solar photovoltaic project, from Apollo Global Management. Financial terms were not disclosed. "This transaction was a natural fit for us as it builds on our recent acquisition of a 30% interest in AVSE II. This allows for a cleaner and simplified ownership position which we were well prepared to act on quickly in cooperation with the team at Apollo, for a mutually beneficial transaction. We welcome the full ownership of AVSE II into our 3.1 GWdc portfolio of operating US solar projects," Tim Short, Capital Dynamics Managing Director, Clean Energy Infrastructure.
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