Solar array. Author: Som Energia Cooperativa. License: Attribution 2.0 Generic.
Asset manager Hudson Sustainable Investments LLC has auctioned 22 MW of US commercial solar power plants in operation, it announced on Tuesday.
The successful bidder is Altus Power, which will acquire Lumens Holdings 1 LLC for USD 10.5 million (EUR 8.9m). The solar assets that are part of the transaction, referred to as the Sunpeak portfolio, are primarily located in California.
Rothschild & Co acted as the financial advisor to the sale process, while Mannion Auctions LLC was the auctioneer.
An affiliate of Hudson Sustainable Investments began foreclosure proceedings on Lumens Holdings 1 in June. The latter is the collateral for a loan made by Hudson Solar Cayman LP to Sky Capital America Inc, which, in turn, is a unit of Sky Solar Holdings Ltd (NASDAQ:SKYS).