Capital Dynamics, through its Clean Energy Infrastructure business, has partnered with Tenaska to commercial 4.8GW of solar projects in the US.
The strategic partnership will enable Capital Dynamics to expand its greenfield solar footprint in both the Midwest and Southeast US.
Located in the Midcontinent Independent System Operator (MISO) and Southeast Reliability Council (SERC) markets, the transaction consists of 24 solar projects.
The portfolio further diversifies Capital Dynamics’ growing utility-scale solar power portfolio across seven new states.
Tenaska, through Tenaska Solar Ventures, will work with Capital Dynamics to commercialize the projects.
Capital Dynamics’ Clean Energy Infrastructure business managing director said: “We are pleased to enter into a new relationship with Tenaska in MISO and SERC, less than two years after our first MISO transaction.
“The Tenaska team has done an excellent job overseeing a large portfolio of solar projects in attractive markets, and has worked well with our team in the past. We believe it is important to deliver competitive solar projects in regions where customers are switching to renewables.”
Capital Dynamics’ Clean Energy Infrastructure (CEI) is one of the largest renewable energy investment managers in the world with $6.4bn AUM.
Currently, it manages 7.3GW of gross power generation across more than 100 projects in the United States and Europe.
Tenaska is one of the leading independent power producers in the US.
The company has developed approximately 10,500MW of natural gas-fired and renewables power projects, including two utility-scale solar projects in Southern California in which Capital Dynamics is an investor.