The Olympic solar portfolio.
A 75 megawatt portfolio of operating solar projects, Olympic consists of 15 assets in New Jersey.
|Description||Locations||Total Capacity||Date Acquired|
|15 operating solar assets||NJ||75.2 megawatts||July 2019|
The Olympic portfolio is CleanCapital’s largest acquisition to date and the fourth in a series of acquisitions made through its $250 million investment vehicle with CarVal Investors. The operating solar portfolio was acquired from KDC Solar, LLC. It consists of 15 assets which entered commercial operation between 2011 and 2016, average 5 MW, and range in size from 157 kW to 10 MW. Off takers for these projects include Fortune 100 companies as well as local governments and institutions.
“As one of the largest C&I solar developer/owner/operators in New Jersey we are pleased to close this transaction with CleanCapital, which is focused on owning C&I solar projects and has the ability and scale to own and operate these C&I projects for many years to come.”
“We’re proud to partner with CleanCapital, whose innovative approach to structuring these investments has made it, in our view, the clear industry leader in clean energy finance. With CleanCapital’s active approach to asset management, we believe renewable energy portfolios have strong potential as long-term investments. Our acquisitions in partnership with CleanCapital total more than 100 MW since May of last year, reflecting our confidence in these assets.”
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