(Reuters) - Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc (>> First Solar, Inc.) and SunPower Corp (>> SunPower Corporation) for about $976.6 million.

The joint venture, 8point3 Energy Partners LP (>> 8Point3 Energy Partners LP), 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)