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

(Bloomberg) — 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.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Robin Saponar

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us