Clean Energy Infrastructure (CEI), a subsidiary of Capital Dynamics, has entered into a development partnership with 8minute Solar Energy through the equity financing and acquisition of the breakthrough Eland Solar & Storage Center, a 400MWac solar and storage center project located in Kern County, Calif.
Financial details of the transaction were not disclosed.
A long-term PPA has been secured to serve the power needs of The Los Angeles Department of Water and Power (LADWP).
“Once operational, the solar project will be the second largest in the United States. This is our fourth solar project delivering clean and affordable power to LADWP. Eland will also be the third hybrid solar plus storage plant in our portfolio, and we are very happy we will have 8minute Solar Energy as long-term equity partner. Tom [Buttgenbach, president and CEO of 8minute]
runs the uncontested leading solar developer in the country, and it is a privilege to work together on t