Capital Dynamics has completed the sale of a majority interest in its Beacon portfolio to TortoiseEcofin and S&B USA Energy. Each buyer has acquired a 49.5 percent ownership of the portfolio. Capital Dynamics retains a minority stake of 1 percent.
The 107.8-megawatt (MWdc) Beacon portfolio consists of two projects: Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc). Both sites interconnect and sell power to the Los Angeles Department of Water and Power (LADWP) under two 25-year fixed-rate power purchase agreements. The assets were wholly acquired from SunEdison during the first quarter 2016 and achieved commercial operations in the fourth quarter 2017.
“As a leading business group, Shikun & Binui’s corporate vision is to create advanced and sustainable living environments in Israel and around the world for the present, and for generations to come. Shikun & Binui America initiated its U.S. Energy activity in March of 2020 and is excited to have its first sol
