Enfinity to snap up 400 MW of US solar parks from Capital Dynamics
Solar power station. Featured Image: worradirek/Shutterstock.com
September 27 (Renewables Now) - Renewable energy and sustainability services company Enfinity Global Inc said on Monday it has sealed a definitive agreement to acquire a 400-MW portfolio of solar parks in the US from Swiss asset manager Capital Dynamics.
The target portfolio consists of 28 utility-scale photovoltaic (PV) plants located across the states of California, North Carolina and Idaho. Financial details about the purchase were not disclosed.
The new assets will add to Enfinity’s over 5-GW global portfolio of projects that have already been commissioned or are still under development and construction. The specific plants were brought online during the past five years and operate under long-term power purchase agreements (PPAs) with utility off-takers.
“We believe the US market will continue to consolidate, allowing long-term asset owners to grow rapidly and benefit from efficiencies," said Ricardo Diaz, CEO Americas of Enfinity Global, adding that the company will pursue more investment opportunities in the US with “top-tier partners.”
In February, Enfinity bought a 250-MW solar PV portfolio in Japan with an enterprise value of about USD 1 billion (EUR 1.03bn).
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.