DP&L solar array sells for $454K

A Dayton Power & Light solar array and substation sold recently for just over $454,000, local property records show.

The sale was part of a DP&L’s overall sale of six power-generation assets in Ohio and Indiana to Kimura Power LLC for a total of nearly $240 million.

RELATEDDP&L sells assets for nearly $240M.

Also sold was the Tait generation station off Arbor and Carillon boulevards.

In a filing late last month with the U.S. Securities and Exchange Commission, AES Ohio Generation LLC, a wholly owned subsidiary of DPL Inc., said it sold six facilities to Kimura Power, including the Tait station and the Yankee Street property.

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Also sold were the Montpelier combustion turbine generation facility, the Hutchings combustion turbine generation site, the Monument diesel generation facility; and the Sidney diesel generation facility.

The total purchase price of all the assets at closing was $239.3 million, the filing said.

DP&L is owned by Arlington-Va.-based AES Corp.

Completed in 2010, the DP&L property is a 1.1 megawatt solar array near the company’s Yankee substation in Washington Township. The solar array portion of the property covers seven acres and annually generates the equivalent to what is needed to power 150 homes in a year, the utility says.

The $5 million array has more than 9,100 solar panels that are made of amorphous silicon and are 125 watts each.

Montgomery County records identify the seller as AES Ohio Merger Sub LLC and the buyer as Yankee Street LLC. The sale price for the 9975 Yankee Street property was $454,196. Just over 52 acres are part of the transaction.

The county recorded the sale April 4.

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