The utility-scale plant – one of three at a cluster in the Mojave Desert, to Los Angeles’ northeast – was acquired by Capital Dynamics last September.

At the time, the firm explained it would purchase Springbok 3 from IPP 8minutenergy Renewables, which stayed on board to develop the project after completing its Springbok 1 (137MW) and 2 (191MW) predecessors.

The goal, Capital Dynamics added last September, would be to arrange tax equity and debt funding for its new acquisition, with a view to hit financial close during Q4 2018.

Springbok 3 is already supported by a 27-year PPA – plus a potential three-year extension – with the Southern California Public Power Authority.

According to 8minuteenergy, its two predecessors were the first US operational solar farms to beat fossil fuel costs. Together, the trio is expected to cover the power needs of over 152,000 Los Angeles households.

Over the years, Capital Dynamics’ clean energy teams have built a 4.7GW infrastructure portfolio via a series of funds. The latest, backed by major pension funds and Abu Dhabi’s sovereign wealth fund, closed on US$1.2 billion last August.

The firm, reportedly the US' second largest solar owner, is working to deliver a 2GW pipeline in the US Midwest alongside developer Tenaska. The deal, inked last November, foresees the construction of 14 PV projects in Michigan, Missouri and four other states.

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PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

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Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

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