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JPM Capital to buy passive stake in 10-MW AC Calif. solar project

JPM Capital Corp. plans to acquire passive interest in the10-MW AC Western AntelopeDry Ranch solar project in Los Angeles County, Calif.,and is seeking FERC approval by Aug. 17 in order to do so.

The project, which comes online this October, will sell itsoutput to Lancaster, Calif.-controlled Lancaster Choice Energy under a 20-yearagreement, accordingto a July 20 filing with FERC.

sPower, which is legally known as , willmanage day-to-day operations of the power plant.

sPower is a FirTree Inc. subsidiary. (EC16-154)