Capital Dynamics sells 115MW of solar projects in US

capital dynamics
The acquisition includes the 65MW Paddock and 50MW Albany solar projects. Image credit: Jose Luis Voltas/Pixabay.

Capital Dynamics has completed the sale of 115MW of solar projects in Rock and Green counties, Wisconsin to Alliant Energy.

In partnership with Tenaska, the Clean Energy Infrastructure (CEI) business of Capital Dynamics has developed the two projects.

The acquisition includes the 65MW Paddock and 50MW Albany solar projects, which are expected to be in service by the end of 2023.

Upon commencing operations, the projects will be able to produce power for approximately 30,000 Wisconsin homes.

The projects are expected to contribute to Alliant Energy’s goal of building 1GW of solar projects in Wisconsin by 2023.

Tenaska’s strategic development & acquisitions group senior vice president Steve Johnson said: “The guiding principle in the relationship between Capital Dynamics and Tenaska is to grow solar in the United States.

“The sale of these projects to Alliant Energy aligns with that approach, and we are excited that the continued advancement of Paddock and Albany will mean more solar in the Upper Midwest.”

In September, Capital Dynamics bought stakes in 316MW of solar projects in the US states of California, Arizona, and Delaware.

Dover Sun Park, the Arlington Valley Solar Energy II and the Centinela Solar Energy facilities are the projects, in which the stakes were acquired by the company

With $6.5bn assets under management, Capital Dynamics’ Clean Energy Infrastructure (CEI) is one of the leading renewable energy investment managers in the world.

Currently, the CEI strategy manages 7.9GW of contracted gross power generation across more than 150 projects in the US and Europe.