Renewable

October 22 (Renewables Now) - Asset management group Capital Dynamics has wrapped up the sale of a 115-MW solar project portfolio in Wisconsin to utility Alliant Energy Corp (NYSE:LNT).

The specific portfolio includes the 65-MW Paddock and 50-MW Albany schemes that Capital Dynamics’ Clean Energy Infrastructure (CEI) business developed in partnership with US energy company Tenaska. Financial details about the deal were not available in the seller’s press release on Wednesday.

To be installed in the state’s Rock and Green counties, the two photovoltaic (PV) parks are planned to become operational by end-2023. Once up and running, they will be capable of producing enough electricity to supply 30,000 local homes.

Alliant Energy’s acquisition is part of the utility’s efforts to add 1 GW of solar PV capacity in Wisconsin by 2023.

Amis, Patel & Brewer provided legal counsel to Capital Dynamics, while Husch Blackwell and Tetra Tech consulted on the execution of the sale. The asset manager noted that it currently has more than 3 GW of solar projects under development within the MISO energy market.

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