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FTP Power to Acquire 51 Percent Stake in 40-Megawatt Solar Plant in Idaho

The Federal Energy Regulatory Commission on July 3 authorized a transaction allowing sPower Winterfell Holdings LLC to acquire just over half of the upstream ownership interest in ID Solar 1 LLC from Carolina Energy Partners II LLC. ID Solar owns a 40 megawatt solar farm in Idaho and is fully subscribed under a 20-year contract with IDACORP Inc. subsidiary Idaho Power Company. sPower Winterfell Holdings is a subsidiary of FTP Power LLC which is controlled by the AES Corporation and Alberta Investment Management Corporation. ID Solar is a subsidiary of CCP-PI Lessor LLC which is owned 51 percent by CCP-PI Managing Member LLC and 49 percent by CCP-PI Lessee LLC. Carolina Energy Partners holds CCP-PI Managing Member, and is managed by investment advisor York Capital Management Global Advisors LLC.

July 3, 2018
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