US: Landmark Dividend snaps up real estate home to 238 MW of installed renewables

Share

California-based real estate investment firm Landmark Dividend has finalized the purchase of 3,500 acres of real estate interests in the state, underlying 12 utility-scale solar, wind and battery storage facilities with a cumulative energy generation capacity of 238 MW.

The deal sees Landmark Dividend acquire ownership rights of these renewable projects, of which nine are solar PV plants, two are battery facilities and one is a wind farm. The transactions were finalized via a sale-leaseback mechanism during the fourth quarter of last year.

The company said in a statement that it "works closely with its renewable energy partners to provide custom-tailored real estate solutions", and has welcomed the extension of the Investment Tax Credit (ITC), saying it will help to provide a bridge for renewable energy expansion right up until 2022.

"We are excited about the scope of our acquisitions in the fourth quarter," said Alex Stone, Landmark Dividend’s senior vice president. "We have made a concerted effort to expand our renewable energy investments, and we look forward to continued partnerships with developers and project owners as they expand their businesses."

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Longi introduces 665 W HPBC photovoltaic modules

11 October 2024 The Chinese PV manufacturer said its new module series has a power conversion efficiency of up to 24.8% and temperature coefficient is -0.26% per C.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.