Omaha-based Tenaska did not provide financial terms of the transaction, which will support Soltage’s equity growth and near-term growth trajectory.
Plans call for Soltage to deploy $250m to bring about 125MW of PV projects into operation by the end of 2016.
The deal gives Tenaska the option for potential investment in Soltage’s new project portfolios going forward.
"The past 18 months have shown the strength of Soltage's business plan," says David Kirkwood, Tenaska vice president and treasurer.
