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Tenaska affiliates close purchase of stake in 150-MW Calif. solar facility

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Tenaska affiliates close purchase of stake in 150-MW Calif. solar facility

Tenaska Energy Inc. affiliates acquired an approximately 39.6% interest in the 150-MW Imperial Solar Energy Center in California from Imperial County Solar Inc. for an undisclosed sum.

Tenaska CSOLAR West Holdings LLC and Tenaska CSOLAR West LLC have now become the sole owners of the Imperial County-based facility, which holds a 25-year power purchase agreement with Sempra Energy subsidiary San Diego Gas & Electric Co.

Tenaska CSOLAR West Holdings now owns 99% of the ownership and 98.99% of membership stake in the facility with Tenaska CSOLAR West owning the remaining 1% ownership stake and 1.01% of the membership interest.

Imperial County Solar is jointly owned by Riverstone Holdings LLC and SunEdison Inc.

The parties consummated the transaction on June 8. (FERC docket EC17-111)