Acquisition, development and disposition
- 80 MW Idaho Solar develoment project acquired in 2014.
- Previous attempt to close by seller had failed, leading to multiple outstanding project liens and potential litigation claims.
- PPA required new negotiation with Idaho Power.
- Incomplete permitting as acquired.
- APB team effectively de-risked project, achieving release of all project liens, waiver of litigation claims against project, full permitting and execution of financeable PPA with Idaho Power.
- Project sold at NTP to Clenera 12 months after acquisition.
- Operational in October 2016.