(Reuters) - Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc FSLR.O and SunPower Corp SPWR.O for about $976.6 million.
The joint venture, 8point3 Energy Partners LP CAFD.O, owns and operates solar energy generation projects in the United States.
The deal, which has an enterprise value of about $1.7 billion, is expected to close in the second or the third quarter of fiscal 2018.
Reporting by Taenaz Shakir in Bengaluru; Editing by Anil D’Silva
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