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US Foreign Investment Committee clears Capital Dynamics deal for 8point3 Energy

The Committee on Foreign Investment in the United States has determined that the acquisition of 8point3 Energy Partners LP by asset manager Capital Dynamics Inc. has no unresolved national security concerns, according to a Form 8-K filed June 11.

First Solar Inc. and SunPower Corp. created the yieldco 8point3 Energy Partners to hold and operate power plants. Under the proposed transaction, Capital Dynamics will acquire 8point3 General Partner LLC and the outstanding class A shares in 8point3 Energy Partners for about $1.7 billion.

The deal is expected to close in the third fiscal quarter of 2018, subject to customary closing conditions. The Federal Energy Regulatory Commission approved the transaction April 17.