Global Legal Chronicle: Shikun & Binui’s Acquisition Of 108MW California Solar Portfolio

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Shikun & Binui (S&B) USA Energy announced its purchase from Capital Dynamics of 108MW in California of a solar portfolio consisting of two projects Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc). TortoiseEcofin partnered with S&B on the purchase.

S&B USA Energy and TortoiseEcofin each acquired a 49.5% stake in the Beacon portfolio in Kern County, consisting of the Beacon II and Beacon V solar projects. Capital Dynamics said it will retain a 1% stake in the Beacon portfolio. Capital Dynamics acquired the Beacon projects from SunEdison in Q1 of 2016.



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