Le Lézard
Classified in: Oil industry, Environment, Business
Subject: TNM

LS Power to Sell Three Solar Plants


NEW YORK, Sept. 28, 2020 /PRNewswire/ -- LS Power announced today that it has entered into an agreement to sell its interests in the Dover Sun Park, the Arlington Valley Solar Energy II and the Centinela Solar Energy projects to Capital Dynamics. LS Power was the original developer of these projects, which entered commercial operations in 2011, 2013 and 2014 respectively. The sale is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2020.

The projects included in the sale agreement are:

John King, LS Power Head of Renewables, said, "When we began work on these projects a dozen years ago, we established ourselves as a market leader in utility scale solar development in the U.S. At that time, these projects were considered audacious in scope and scale, and the development and execution was challenging. We are proud of what we accomplished and pleased that Capital Dynamics, an experienced owner and operator of solar generation, will approach their stewardship of these projects with a similar long-term orientation." 

LS Power Expands Renewable Development Efforts

Paul Segal, CEO of LS Power, also announced today that LS Power is expanding its renewable energy efforts. "We remain dedicated to serving the needs of a rapidly evolving power grid and are redoubling our efforts to provide resources which can serve to decarbonize our economy.  LS Power can maximize its contribution to decarbonization by continuing to develop incremental utility scale renewable generation, beyond our ongoing development efforts in battery storage and high voltage transmission. With that focus, we have established a new programmatic effort to develop, build, own and operate the renewable projects that will power the nation's grid for decades to come. We intend to do this in scale, are adding to our team, and plan to deploy significant capital in order to execute on this vision."

About LS Power

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 42,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and over 660 miles of high voltage transmission. Additionally, LS Power actively invests in businesses and platforms focused on distributed energy resources, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $45 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.

SOURCE LS Power


These press releases may also interest you

at 11:33
BioMatrix Specialty Pharmacy announced today preferred network status with AscellaHealth for both intravenous and subcutaneous immunoglobulin (IG) therapy treating patients in the neurology, immunology, transplant, and rare disease space. The...

at 11:20
Promontory Interfinancial Network is changing its name to IntraFi NetworkSM effective today. As part of this rebranding effort, IntraFi Network is adopting new logos and names to better describe its suite of financial services ? popular products...

at 11:20
Open Infrastructure Summit ? The OpenStack Foundation has taken the next step in its ongoing evolution "to build open source communities that write infrastructure software in production" by becoming the Open Infrastructure Foundation (OIF). The name...

at 11:15
Aquiline Drones (AD), the Hartford-based manufacturer of unmanned aerial systems (UAS) and cloud solutions provider for commercial drone operations, today announced that it has signed exclusive US manufacturing and distribution licensing agreements...

at 11:15
InvestorsObserver issues critical PriceWatch Alerts for NIO, NKLA, PFE, SNAP, and FLEX. Click a link below then choose between...

at 11:15
InvestorsObserver issues critical PriceWatch Alerts for BSTC, RESI, EDSA, CNK, and LAC. To see how InvestorsObserver's proprietary...



News published on 28 september 2020 at 11:30 and distributed by: