Capital Dynamics subsidiary acquires 316-MW solar mission portfolio


Capital Dynamics’ Clean Energy Infrastructure (CEI) business has completed the purchase of three solar PV projects from LS Power. At the same time, CEI completed the placement of more than $ 400 million in long-term fixed income notes with high quality institutional investors.

The portfolio includes 316 MWdc of operational solar resources in California, Arizona and Delaware. Each project uses commercially proven and efficient technology and is fully under contract under long-term power purchase agreements. The projects were run commercially between 2011 and 2014.

The portfolio includes:

  • 100% stake in Centinela Solar Energy (252 MWdc) in Imperial County, California.
  • 30% stake in Arlington Valley Solar Energy II (175 MWdc) in Maricopa County. Arizona
  • 100% interest in Dover Sun Park (11 MWdc) in Dover, Delaware.

“This acquisition offers our investors an immediate capital investment in a diversified, operational, highly contracted portfolio with long-term, stable cash returns,” said Tim Short, CEO of CEI at Capital Dynamics in New York. “With these high quality systems, our team strengthens our position as the largest private owner of solar systems in the USA with a fleet of more than 3.5 GW. This transaction shows our ability to leverage this scale and add value. This is yet another example of our ability to provide security of execution to our partners against the backdrop of an unprecedented challenging year. “

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