Company buys 21.9 MW solar energy portfolio

D.E. Shaw Renewable Investments Bright Plain Renewable Energy Macquarie Capital California five solar energy projects portfolio

D.E. Shaw Renewable Investments and Bright Plain Renewable Energy will purchase five solar projects from Macquarie Capital in Tulare County, Calif.

The projects have a total generating capacity of 21.9 MW and were originally developed by ImMODO Energy Services Corp. ImMODO will continue to serve as the engineering, procurement and construction (EPC) contractor for the projects, and will also provide operations and maintenance services to the plants once they are operational. Pacific Gas & Electric (NYSE: PCG) and Southern California Edison will buy the output from the projects. KeyBank N.A. provided construction and term financing to the projects.

Read more mergers and acquisitions news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...