CleanCapital has acquired a 36.6-megawatt solar facility in Guam from GlidePath Power Solutions, representing CleanCapital’s largest single asset acquired to date.
The transaction includes the operating Dandan solar farm and rights to GlidePath’s solar development pipeline on the island. The Dandan site, which commenced commercial operations in 2015, supplies renewable energy to the Guam Power Authority. The project is the largest solar asset on Guam, generating 6 percent of the island’s electricity-generation capacity.
“We are thrilled to be the new owner-operator of this significant project and to accelerate the exciting future of renewables on Guam,” said Julia Bell, CCO of CleanCapital. “This acquisition affirms CleanCapital’s commitment to making bold investments in the energy transition, especially in regions like the Pacific Islands that are taking advantage of their natural resources to achieve independence from fossil fuels.”
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