July 17 (Renewables Now) - Asset management group Capital Dynamics said Tuesday it has acquired stakes in 354 MW of solar power assets in California from US energy company Tenaska.
The capacity is given in direct current (DC).
Through its Clean Energy Infrastructure (CEI) team, Capital Dynamics took a 32% equity stake in the CSolar South park and 25% equity participation in CSolar West. Both have been built in the Imperial Valley.
Capital Dynamics said that it partnered with Hanwha Asset Management for this purchase, without providing specific details on the transaction.
According to Tenaska’s website, the Tenaska Imperial Solar Energy Center South has been operational since 2013, while the Tenaska Imperial Solar Energy Center West has been put online in 2016. Both have 25-year power purchase agreements (PPAs) with San Diego Gas & Electric Company (SDG&E).