Candela Renewables is the most accomplished team of utility-scale solar power plant developers in North America. Members of the team have created over 4,100 MW of projects, with PPAs, in final development, construction or operation. We are technology agnostic, flexible in our approach and well capitalized through our partnership with Macquarie Capital’s Green Investment Group.
Our team members have developed some of the largest and most innovative solar power projects in the United States.
Our team members have developed the largest projects of their time: Agua Caliente at 290 MW, Desert Sunlight at 550 MW, and Antelope Valley at 230 MW which was the first large scale application of single axis tracking. Members of our team secured two Dept. of Energy Section 1703 innovative loan guarantees and negotiated the largest PV solar with storage PPA with Arizona Public Service as well as the largest solar C&I PPAs with Apple and Switch.
Over 20 utility scale solar projects that Candela’s team members have developed are up and running across the United States. Power purchasers and investors include S&P 500 Companies and household names. Our projects have received investment grade credit ratings and institutional financing. We know how to execute and doing so in a timely manner is one of our hallmarks.
Your World-Class Partner
Our leadership team averages over 25 years of experience in developing, financing and constructing power projects. We have worked with many different technologies, topographies, climates, interconnection configurations and financing structures. We have long standing relationships with utilities, landowners, permitting agencies, investors, lenders and tax equity investors. We are prepared to deliver for you.
Our team includes industry-leading executives in solar power development, engineering and finance.
“We’re delighted to back the Candela team which has the proven ability to originate new large-scale solar projects, and the expertise and industry relationships to ensure their commercial success. The arrangement enables us to deploy capital to utility-scale solar developments in the US, leveraging our balance sheet, global scale and capability across a range of renewables sectors.”
-Chris Archer, Head of Green Energy Americas for Macquarie Capital.
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 14,400 people in over 25 countries. At 31 March 2018, Macquarie had assets under management of $381.8 billion. For more information, visit www.greeninvestmentgroup.com and www.macquarie.com.