Capital Dynamics Finishes Procurement of 353 MW Solar Portfolio

• Capital Dynamics has actually introduced that its CEI company has completed the purchase of a portfolio of 16 operating solar projects from Coronal Energy

Capital Dynamics, an independent international personal possession monitoring company, today introduced that its Clean Energy Infrastructure (CEI) company has actually finished the purchase of a portfolio of 16 operating solar projects from Coronal Energy, LLC.

The portfolio makes up 353 MW of operating solar photovoltaic or pv ability throughout varied as well as eye-catching power markets, consisting of Arizona, California, Florida, Virginia, Tennessee, and Ontario, Canada. Each property uses readily confirmed and effective innovation and is totally acquired under long-lasting power purchase arrangements.

" We are very pleased to have finished this purchase with Coronal. This high quality, contracted properties will certainly be an essential addition to our 4.6 GW solar portfolio in the United States" stated John Breckenridge, Head of the Capital Dynamics Clean Energy Infrastructure organisation. "Each of these possessions offers a distinctive function in meeting the tidy energy requirements of their corresponding markets in a safe, trusted and also eco accountable fashion."

" This was a complicated purchase that entailed the coordination as well as exceptional initiatives from a wide variety of stakeholders. We appreciate the initiatives from our partners as well as counter-parties to execute a significant purchase in the North American renewable energy market during times of extraordinary difficulties," stated Tim Short, Managing Director of Capital Dynamics. "This purchase proceeds the CEI group's solid performance history as a provider of long-term, yield-producing capital to the renewable resource market-- as well as providing implementation assurance to our partners in a progressively vibrant atmosphere."

Amis, Patel & Brewer, LLP functioned as legal advice for Capital Dynamics. MUFG Union Bank NA, Sumitomo Mitsui Banking Corporation, as well as Commonwealth Bank of Australia worked as coordinating lead arrangers for the acquisition financing.

In January, Capital Dynamics had actually introduced that its CEI service has actually entered into a development partnership with 8minute Solar Energy via the equity financing and purchase of the Eland Solar & Storage Center, a 400 MW solar and also storage space facility project found in Kern County, California.