Clean Energy Infrastructure, a renewable energy investment management business of Capital Dynamics, has entered into an agreement with LS Power to acquire three of the latter’s solar power projects. These three projects, with a combined capacity of 316 MW, are located in California, Arizona, and Delaware. They achieved commercial operations between 2011 and 2014 and are selling power under long-term power purchase agreements. 

The portfolio to be acquired comprises of:

  • 100% interest in 252 MW Centinela Solar Energy, located in Imperial County, California
  • 30% interest (53 MW) in 175 MW Arlington Valley Solar Energy II, located in Maricopa County, Arizona
  • 100% Interest in 11 MW Dover Sun Park, located in Dover, Delaware

The transaction is subject to customary regulatory approvals and is expected to close by the end of 2020, with King & Spalding, LLP and Amis, Patel & Brewer, LLP serving as legal counsel for Capital Dynamics. Capital Dynamics is an independent global private asset management firm, focusing on private equity, private credit and clean energy infrastructure. The acquisition of LS Power’s 316 MW project capacity will add to the company’s 4.6 GW solar and 2.9 GWh energy storage portfolio. The company’s Clean Energy Infrastructure platform focuses on utility-scale and distributed generation, solar, wind, and energy storage and currently manages more than 100 projects in the United States and Europe.