Capital One, MUFG and Toyota Tsusho to Invest in Nevada Solar
- Companies seeking FERC approval for tax-equity investment
- The 110-Megawatt Crescent Dunes plant sells power to NV Energy
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Units of Capital One Financial Corp., Mitsubishi UFJ Financial Group Inc. and Toyota Tsusho Corp. are seeking federal approval for a tax-equity investment in a 110-megawatt solar-thermal plant in Nevada.
The three companies plan to pay cash for the tax-equity investments, according to a filing Wednesday with the Federal Energy Regulatory Commission. The amount of the investment in SolarReserve Inc.’s Crescent Dunes power plant wasn’t provided.