Waipio Solar Project - Closing of Sale and Purchase Transaction
October 15, 2015
SAN FRANCISCO – Clean Energy Capital today announced the sale and purchase of the Waipio Solar Project, an approximately 16.275 megawatt solar generation facility located on 14 sites on the Island of Oahu in Hawaii. The Project is located on Navy and Marine Corp bases including Joint Base Pearl Harbor‐Hickam. Energy generated by the Project will be sold to the United States Government acting through the Naval Facilities Engineering Command (NAVFAC) Pacific. The originators of the Waipio Solar Project are TriLateral Energy, an energy project developer, and Environmental Chemical Corporation (ECC), an engineering, environmental, and construction company focused on completing projects for the Federal Government and particularly the U.S. military. The Owner/Operator will be NextEra Energy Resources, LLC, the largest generator of wind and solar power in North America and an experienced energy services provider.
Clean Energy Capital acted as advisor to the sellers. The terms of sale have not been disclosed.
About TriLateral Energy
Trilateral Energy is an innovator in alternative energy development and financing focused on developing energy and infrastructure projects as either a principal, or with partners. TriLateral’s capabilities include expertise in utility power purchase agreement negotiation, transmission planning, land and right of way procurement, environmental and other permitting, power plant operations, generation equipment procurement, project contract structuring, and project finance.
ECC provides project solutions for Federal Government agencies in construction, design‐build, renewable energy, environmental remediation, and munitions response worldwide. ECC was founded in 1985 and is headquartered in Burlingame, California. ECC has worked for the Navy and in Hawaii for over 20 years.
About Clean Energy Capital
Clean Energy Capital provides investment banking and financial advisory services to participants in the energy and infrastructure sectors. Our core focus is project financing of energy and infrastructure assets, and support of companies engaged in project finance.