D.E. Shaw and Bright Plain Buy 7.1 Megawatts of Solar in Indiana

D.E. Shaw & Co., a $36 billion hedge fund, and Bright Plain Renewable Energy LLC acquired two solar projects in Indianapolis with a combined capacity of 7.1 megawatts.

Community Energy Inc. is developing the Marion projects on industrial property including a former landfill, according to a statement Thursday. KeyCorp provided financing. Terms weren’t disclosed.

The two solar farms are expected to be operational later this year and provide power to AES Corp.’s Indianapolis Power & Light.

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