227 MWac operating solar portfolio — 12 projects, Western United States (50% JV interest acquired)

Fengate Asset Management acquires a 50% interest in a 227 MWac portfolio of 12 operating US solar projects from Clearway Energy (CWEN), on behalf of the Fengate Infrastructure Yield Fund and LiUNA Pension Fund of Central and Eastern Canada. Projects are located in the Western United States; specific states and offtakers not disclosed. All projects carry long-term contracted revenue agreements already in place. Clearway retains 50% and continues as managing partner.

Deal Details

Deal Type

Project & Portfolio M&A

Seller / Sponsor

Clearway Energy, Inc. (CWEN)

Buyer / Financier

Fengate Asset Management (for Fengate Infrastructure Yield Fund / LiUNA Pension Fund of Central and Eastern Canada)

Stage

Operating

Source

GlobeNewswire / Fengate