November 28, 2018 Read More →

Swiss investment firm and Tenaska team to build 2,000MW of solar in Midwest

Platts:

Capital Dynamics said Tuesday its Clean Energy Infrastructure business has signed an agreement with independent power producer Tenaska to build a 2,000-MW portfolio of greenfield solar power projects in the US Midwest.

“This agreement was a unique opportunity for us to acquire a meaningful pipeline of solar capacity in an efficient project development structure within a market poised for growth,” Benoit Allehaut, director of Capital Dynamics’ Clean Energy Infrastructure team, said in a statement.

Zug, Switzerland-based Capital Dynamics is an independent global asset management firm that focuses on private assets, including private equity, private credit, clean energy infrastructure and energy infrastructure credit.

The deal, closed Monday, includes 14 solar projects in the Midcontinent Independent System Operator market, and the portfolio represents “a large share” of all solar projects currently in the MISO North interconnection queue, with projects in Michigan, Missouri, Illinois, Wisconsin, Indiana and Minnesota, the companies said. “We are excited to be expanding our partnership and offer clean energy power through long-term supply contracts to customers in the Midwest,” Allehaut said.

Omaha, Nebraska-based Tenaska has developed more than 10,000 MW of natural gas-fired and renewable energy projects in the US, including two utility-scale solar projects in Southern California in which Capital Dynamics is an investor, the companies said in the statement.

More: Capital Dynamics, Tenaska to build 2,000MW of solar projects in MISO

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