Financial terms of the transaction were not made public. EDF Renewable Energy will retain the remaining 50% and continue to provide operations and maintenance services through its services affiliate.
Located in the Mojave Desert, Catalina Solar generates electricity for 35,000 homes under a 25-year supply contract with San Diego Gas & Electric Company.
“This sale illustrates our ability to redeploy capital to fund future development while staying deeply involved in existing projects.
