Year acquired
2019
The project began commercial operations in October 2015 and operates under a 25-year Power Purchase Agreement with the Guam Power Authority, an investment grade independent agency that is the sole supplier of electricity to the island. When GlidePath acquired Dandan in 2019, the asset was significantly under-performing.
Under GlidePath’s ownership, the project has also been refinanced and expansion is under development. This has allowed GlidePath to developed a strong relationship with island power authority and embed itself in community as the island advances towards its 100% renewable goal.