Capital Dynamics’ Clean Energy Infrastructure (CEI) business has acquired the remaining 69.98 percent interest in Arlington Valley Solar Energy II (AVSE II), a 175-megawatt solar photovoltaic project in Maricopa County, Ariz.
Funds managed by affiliates of Apollo Global Management sold the stake to Capital Dynamics for an undisclosed amount.
The deal follows Capital Dynamics’ previous acquisition of a 30 percent stake in AVSE II from LS Power, which was announced in November. Following this latest acquisition from Apollo funds, Capital Dynamics will own 100 percent of the solar project.
“This transaction was a natural fit for us as it builds on our recent acquisition of a 30 percent interest in AVSE II,” said Tim Short, managing director, clean energy infrastructure, at Capital Dynamics. “We welcome the full ownership of AVSE II into our 3.1 GWdc portfoli