Just a day after 8minutenergy Renewables, the largest independent solar and storage developer in the United States, announced the completion and commercial operation of the 328 megawatt (MW) Mount Signal 3 Solar Farm, built in conjunction with Capital Dynamics, 8minutenergy announced an ownership transition as one of its co-founders was bought out.
Switzerland-based asset management firm Capital Dynamics announced this week that it had closed yet another $1.2 billion clean energy infrastructure fund, following the successful close of another $1.2 billion fund earlier this year.
8point3 Energy Partners, the yieldco set up in 2015 by First Solar and SunPower, has entered into a Plan of Merger and Purchase Agreement with CD Clean Energy and Infrastructure V JV, LLC, an investment fund managed by Capital Dynamics, in a deal expected to represent about $977 million in equity value and about $1.7 billion in enterprise value.
8minutenergy and Capital Dynamics have announced together the acquisition and development of the third phase of the Mount Signal Solar Farm in California, a 328 MW project which is among the largest solar PV projects in the world.
