Capital Dynamics signs deal with Tenaska to develop 2GW of solar projects in US

November 28, 2018
Facebook
Twitter
LinkedIn
Reddit
Email
In total, the transaction includes 14 PV projects with approximately 2,000MW in the Midcontinent Independent System Operator (MISO) market. Image: Capital Dynamics

Independent global private asset management firm Capital Dynamics’ Clean Energy Infrastructure (CEI) business has signed off on a deal with Tenaska to develop a portfolio of greenfield PV projects in the Midwestern United States.

In total, the transaction includes 14 PV projects with approximately 2,000MW in the Midcontinent Independent System Operator (MISO) market. The portfolio includes all solar projects currently in the MISO North interconnection queue, with projects in Michigan, Missouri, Illinois, Wisconsin, Indiana and Minnesota.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Benoit Allehaut, director of Capital Dynamics' Clean Energy Infrastructure team, 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 Midwest.”

Capital Dynamics’ Clean Energy Infrastructure team is the second-largest owner of PV projects in the US and manages around US$4.9 billion in assets and 3.1GW in its current portfolio.

Steve Johnson, senior vice president in Tenaska's strategic development & acquisition group, added: “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.”

Read Next

October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
October 22, 2025
Recurrent Energy, Ampliform and Dimension Energy have announced new financing rounds this month for US solar projects.
October 22, 2025
Leeward Renewable Energy has started commercial operations at its 177MW Ridgely solar project in the US state of Tennessee.
October 22, 2025
US thin-film manufacturer First has revealed another transfer of its 45X manufacturing tax credits in a deal worth around US$775 million.
October 22, 2025
Abigail Ross Hopper, the president and CEO of US trade association the Solar Energy Industries Association (SEIA), has decided to step down from her roles at the end of January 2026.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal