Capital Dynamics continues United States flurry with 4.8 GW strategic collaboration with IPP Tenaska

• Asset management firm Capital Dynamics has struck a calculated partnership with Nebraskan independent power producer Tenaska to advance 4.8 GW of solar in the Midwest and Southeast United States.

The offer will certainly see Capital Dynamics' tidy energy framework arm handle an overall of 24 solar projects spread out across the Midcontinent Independent System Operator (MISO) as well as Southeast Reliability Council (SERC) markets, which Capital Dynamics claimed constitutes a "huge share" of all solar tasks presently in those respective affiliation pipes.

Tenaska's Solar Ventures development business will certainly work together with Capital Dynamics to bring the portfolio on stream.

Tenaska has actually advanced around 10.5 GW of gas-fired as well as eco-friendly power jobs in the US. It has actually previously worked together with Capital Dynamics on two utility-scale solar farms based in Southern California as well as Steve Johnson, senior vice president of Tenaska's tactical growth and procurement team, said the deal "further enhances the connection in between our two firms."

"The Tenaska group has actually done an excellent work overseeing a big portfolio of solar tasks in attractive markets, as well as has functioned well with our team in the past. Our company believe it is essential to provide competitive solar projects in areas where customers are switching over to renewables," Benoit Allehaut, handling supervisor of Capital Dynamics' tidy energy framework department, stated.

In striking the bargain, Capital Dynamics has diversified its US solar portfolio to currently spread throughout 7 brand-new states. The group presently handles around 7.3 GW of renewables throughout both the US and Europe, making it one of the globe's biggest owners of renewable possessions.

It is likewise an extension of a spending spree that has seen Capital Dynamics acquire big amounts of utility-scale solar throughout the United States, started in earnest almost 2 years earlier when it closed on a US$ 1.2 billion fund raise to pursue such projects.

Significant acquisitions have actually included 8minute Solar Energy's spots Eland Solar & Storage project in California, which it got at beginning of this year. It has actually additionally taken big projects as well as profiles in Nevada, Indiana and Arizona, among others.