Global private asset manager Capital Dynamics has bought three US solar projects from LS Power.
Capital Dynamics, on behalf of its clean energy infrastructure business, has agreed to buy the interests in the 316MW solar photovoltaic projects for an undisclosed amount.
The portfolio comprises operating solar resources located in California, Arizona, and Delaware, the manager said, adding that the projects achieved commercial operations between 2011 and 2014.
Tim Short, clean energy infrastructure managing director at Capital Dynamics in New York, said: “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 4.6GW solar portfolio and our 2.9GWh 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.”
The Capital Dynamics clean energy infrastructure strategy currently manages 7.9GW of gross power generation across more than 100 projects in the US and Europe
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