Macquarie Infrastructure to Acquire Utah Solar Power Plant

By Editors of Power Engineering

Macquarie Infrastructure Corp., through its MIC Renewable Energy Holdings subsidiary, has entered into an agreement to acquire the 80-MW Utah Red Hills solar power facility from Scatec Solar.

Terms of the deal were not disclosed.

The Utah Red Hills facility was finished in December 2015 and is expected to commence its 20-year power purchase agreement with PacifiCorp in December 2016.

The transaction is expected to close by the end of 2016, pending approval.

Utah Red Hills will be Macquarie’s third acquisition of solar projects from Scatec following Scatec’s decision to exit US solar development. Previously, Macquarie bought two solar facilities in Hawaii totaling seven MW.

Macquarie remains invested in gas as well, as the company partnered with Siemens Financial Services to build the 940-MW Lordstown Energy Center combined-cycle gas turbine project in Ohio earlier this year.

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


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...