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CIP has invested in the construction of a solar project in the US totaling nearly 255 MWac.

 CIP has through the fund CIP III acquired the 255 MWac solar project Greasewood in Western Texas in the US.

CIP has entered an agreement securing equity investment capital for the project Greasewood a 255 Mwac solar project in Pecos County, Western Texas.

The project is a utility scale solar project with power offtake and tax equity making it possible for CIP to capture greenfield premiums, and long term PPA’s with three local utilities for a total volume of 150 MWac.

The project is including tax equity financing with partial divestment contemplated post COD (Q4 2019).