More in News, Power Plants, Projects, Markets & Finance, Financial & Legal, Americas

sPower Acquires 55MW Idaho Solar 1 Project

US solar project owner sPower has acquired the operational 55MW PV project Idaho Solar 1, located in Kuna County, Idaho.

The PV system is providing power to Idaho Power Company under a 20-year contract.

This is sPower's first operating project acquisition since becoming an AES/AIMCo company in 2017.

"We are thrilled to add another high-quality asset to the sPower fleet. Consummating this transaction would not have been possible without the support of AES and AIMCo as we continue to push the market across the competitive, renewable M&A landscape," commented Brian Callaway, director of Structured Finance and M&A at sPower. “The ability to finance this purchase with proceeds from a delayed draw on our recent bond issuance was a key competitive advantage."

"We were pleased to work with York capital and find a final home for this project," said sPower CEO Ryan Creamer. "In addition to ownership, the Idaho Solar 1 project will now be operated by sPower Services, a team that operates over 1,300MWdc that generates over 10GWh a day."

Tags: spower, idaho, project acquisitions, us, usa, aes, aimco

Solar Power International

  • Sep 23 - Sep 26, 2019
  • Salt Lake City, USA

Solar Power International (SPI) is the largest solar event in North America. The event attracts over 19,000 attendees and 700 exhibitors. SPI is part of North America Smart Energy Week, which is the largest and most comprehensive energy event in North America. You can expect to see additional energy topics such as energy storage, electric vehicles, wind energy, microgrids, hydrogen + fuel cells, and more. SPI takes place September 23-26, 2019 in Salt Lake City, UT, USA. Learn more by visiting www.solarpowerinternational.com

Solar Power International

Solar & Storage Finance USA

  • Oct 29 - Oct 30, 2019
  • New York City, USA
  • PV Tech Event

Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.

Solar & Storage Finance USA

Also read...

Comments