Capital Dynamics to Sell Solar Energy Assets for $250M
October 31, 2014
Capital Dynamics has entered into an agreement to sell its U.S. Solar Energy Fund assets to TerraForm Power (NASDAQ: TERP) for about $250 million. The deal is expected to close in 4Q. The to-be-acquired portfolio—from a fund closed in 2012—comprises 39 solar energy production assets across five U.S. states generating 77.6 MW of power. Capital Dynamics will continue to invest in clean energy infrastructure opportunities worldwide.