CleanCapital buys 37-MW solar farm in Guam

The Dandan solar farm in Guam. Source: CleanCapital.

July 26 (Renewables Now) - Clean energy investment platform CleanCapital has acquired a 36.6-MW direct current (DC) solar power plant in Guam from GlidePath Power Solutions LLC along with rights to the seller’s solar development pipeline on the island.

Specifically, CleanCapital has bought the Dandan solar farm in Inalahan which has been operating since October 2015 and supplies power to the Guam Power Authority (GPA). The plant is said to be the largest solar asset in Guam and to generate 6% of the island’s electricity.

CleanCapital said in a statement that Guam has a promising future in clean energy development thanks to its updated renewable power standard (RPS) that envisages a 50% renewable power share by 2035 and 100% by 2045.

Overall, the company has successfully bought projects with a combined capacity surpassing 360 MW and spanning 24 states and one US territory.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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