Capital Dynamics has teamed up with Tenaska to develop a portfolio of solar farms in the US Mid-west totalling 2GW.
A total of 14 projects will be built in the Mid-continent Independent System Operator market covering the states of Michigan, Missouri, Illinois, Wisconsin, Indiana and Minnesota.
Capital Dynamics clean energy infrastructure team director Benoit Allehaut said: “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.
“Tenaska has historically been one of the most successful developers of electric generation and a close partner of Capital Dynamics on several existing projects.
“We are excited to be expanding our partnership and offer clean energy power through long-term supply contracts to customers in the Mid-west.”
Tenaska senior vice president of the strategic development & acquisition group Steve Johnson said: “Tenaska has a proven record of success in solar development, and we are excited to pair our development skills with Capital Dynamics’ capital origination and structuring capability.
“This transaction further strengthens the existing relationship between our two companies.”
Law firm Amis, Patel & Brewer provided legal advice to Capital Dynamics.