Acquisition, development and disposition

  • 80 MW Idaho Solar development 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.