March 23 (Renewables Now) - An affiliate of Denmark’s Copenhagen Infrastructure Partners P/S has agreed to acquire a 350-MW solar photovoltaic (PV) project in Texas for an undisclosed sum.
The Danish fund manager will purchase the interests of renewable energy firm Plus Renewable Technologies Ltd and privately-held investment holding company Avondale Solar LLC. The partners are developing the so-called Fighting Jays Solar project through their affiliate AP Solar Holdings LLC, they said in a joint statement last week.
To be located in Fort Bend County, the solar farm will be installed near the Houston metro area, within the Electric Reliability Council of Texas (ERCOT) market. Its construction is slated to begin in the second half of this year, with commissioning to be held by the summer of 2022.
The project has a direct current (DC) capacity of 440 MW.
CIP, which has almost EUR 8 billion (USD 8.56bn) of funds under management, invests in utility-scale renewable assets across North America, Western Europe and Asia Pacific. Last year, it invested in the 162.2-MW Bearkat II onshore wind farm in Texas.
(EUR 1.0 = USD 1.069)