First Solar Inc., the biggest U.S. solar manufacturer, sold a 250-megawatt power plant in Nevada to a unit of Capital Dynamics AG, the Swiss asset manager.
The manufacturer will operate and maintain Moapa Southern Paiute Solar Project in Clark County, First Solar said in a statement Thursday. The Arizona-based company didn’t disclose terms of the deal.
California State Teachers’ Retirement System and a unit managed by APG Asset Management NV are passive investors in CD Clean Energy and Infrastructure, the Capital Dynamics unit that bought Moapa, according to a January filing with the U.S. Federal Energy Regulatory Commission. Units of Goldman Sachs Group Inc. and General Electric Co. invested tax equity in Moapa.
Moapa powers about 111,000 homes, and has a 25-year power-purchase agreement with the Los Angeles Department of Water & Power.