Iron Springs Solar
Clearway agreed to acquire the remaining 50% stake in a 530 MW Utah solar portfolio that explicitly includes the Iron Springs solar project in Cedar City.
$335M
Deal Value
80MW
Capacity
Solar
Technology
UT
Location
Deal Details
- Deal Type
- Portfolio acquisition
- Seller / Sponsor
- Dominion Energy
- Buyer / Financier
- Clearway Energy Group
- Deal Value
- $335M
- Stage
- operating
- Source
- NS Energy
Related Deals
Summit Farms Solar — 60 MW solar, Currituck County, North Carolina (Duke)
Dominion Energy → MIT (consortium with Boston Medical Center + Post Office Square Redev)
UVA Hollyfield Solar — 17 MW solar, King William County, Virginia (PJM)
Dominion Energy / Coronal Energy → University of Virginia
NRG Energy renewables platform + NRG Yield Inc. (rebranded Clearway Energy Inc.) — 4.7 GW operating renewables; 45.2% economic interest in CWEN, 55% voting
NRG Energy (renewables platform + NRG Yield majority) → Global Infrastructure Partners (GIP)
$1.348B aggregate consideration
sPower — largest US independent utility-scale solar IPP (1.3 GW operating + 10 GW pipeline; 75+ utility-scale solar/wind projects in 11 states)
Fir Tree Partners → AES Corporation + Alberta Investment Management Corporation (AIMCo) — 50/50 JV
$1.6B ($853M cash + $724M assumed non-recourse debt)
Cove Mountain Solar — Solar project, UT (West (non-ISO)), 58 MW, COD 2020.
Corporate
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.