San Diego-based Equal Earth has signed an agreement to acquire a 5 MW photovoltaic solar farm in Ohio.
The project has a long-term power purchase agreement with a municipal utility. The deal is expected to close before the end of the year.
Equal Earth says the acquisition is part of the company's strategy to assemble a portfolio of long-term, revenue-generating projects with low operational costs to generate predictable cashflows and attractive after-tax returns.
‘Solar continues to offer compelling investment opportunities, and this project is another example,’ says Andrew Duggan, chairman, president and CEO of Equal Earth.
