Capital Dynamics to invest in USD 300 million in US solar energy projects
Summary
Construction work is to begin immediately, with as much as 30MW on schedule to be operational by year-end.The second portfolio features a pipeline of solar PV projects in advanced development from Pristine Sun LLC, to which Capital Dynamics recently secured exclusive rights. Capital Dynamics combined portfolio of over 60 projects in California, New Jersey and Massachusetts is expected to be constructed and operational within 24 months.David Scaysbrook, Managing Director and Global Head of Clean Energy and Infrastructure (CEI) at Capital Dynamics, said: We are delighted to be making significant progress in building a large and well-diversified portfolio of projects from California to New Jersey to Massachusetts. Our portfolio of operating, under construction, or advanced development projects now exceeds 60 and features ground-mounted, rooftop and canopy installations. By securing long-term sales contracts, we have been able to de-risk the cash flows, making our recent investments consistent with our strategy of targeting attractive, risk-adjusted returns.Thomas Kubr, CEO of Capital Dynamics, said: From coast to coast, Capital Dynamics recent investments are a testament to the firms ongoing commitment to the burgeoning US solar market and clean energy infrastructure investing.Capital Dynamics CEI team collectively holds over 100 years of experience in investing, financing, owning and operating conventional and clean energy businesses globally. Capital Dynamics CEI business was established in 2010 to address the attractive investment opportunities emerging in this new class of real assets.Capital Dynamics is an independent asset management firm focusing on private assets including private equity, clean energy and infrastructure, and real estate.