Capital Dynamics AG, a global private asset manager, is pleased to announce it has invested in a 5.7 megawatt solar energy project in the United States.
The project, located in Massachusetts, is expected to be one of the largest solar energy projects in the New England states. It will utilize over 20,000 solar modules from a leading global manufacturer when construction is completed early this summer.
The project will sell power to three investment-grade rated municipal entities under 20-year Net Metering Credit Agreements (NMCA). NMCAs provide regular and reliable streams of income, as well as capital protection features, to investors in clean infrastructure projects.
Karl Olsoni, Managing Director in Capital Dynamics’ Clean Energy and Infrastructure (CEI) team, said: “We are pleased with this latest investment in our clean infrastructure program. The solar energy project has strong community support and will make a valuable contribution to the production of local energy in Massachusetts.”
Thomas Kubr, Capital Dynamics’ CEO, said: “The investment in this US solar energy project is another stride forward in the successful expansion of our direct infrastructure investment platform and a testament to the CEI team’s expertise in clean energy investing. A project of this size illustrates the rising demand for clean energy and the consequential need for investor capital in clean infrastructure. We are delighted to help meet that need.”