Construction started for 202 MW Solar PV project in USA
Longroad Energy has announced the financial close and start of construction of its 202 MWdc (150 MWac) Umbriel solar photovoltaic (PV) project, located in Polk County, Texas, USA.
The development of Umbriel began in 2017, and it is anticipated to reach commercial operations by the end of 2023. The facility will have the capacity to generate enough energy to power more than 30,000 households. Through a long-term Power Purchase Agreement, Entergy Texas Inc. (ETI) will acquire its entire output. The solar farm is projected to reduce approximately 250,000 metric tons of CO2 emissions each year, significantly contributing to the fight against climate change.
Zions Capital Markets acted as Coordinating Lead Arranger and Administrative Agent, while Silicon Valley Bank and Rabobank served as Coordinating Lead Arranger and Joint Lead Arranger, respectively. Longroad additionally arranged tax equity for the solar project.
Country news
-
-
December 14, 2022
PPA signed for 310 MW Solar PV project in USA
INEOS Olefins & Polymers USA has signed a renewable power purchase agreement with NextEra Energy Resources, LLC for the 310 MW INEOS Hickerson Solar Farm project in north-central Texas, USA.
Read more -
November 16, 2022
Longroad Energy to start construction of 152 MWdc solar PV project in USA
Longroad Energy Holdings LLC has completed the financing and begun construction on its 152 MWdc Three Corners solar project in Maine, USA.
Read more -
November 07, 2022
Allianz Capital acquires 147 MWdc Solar project in USA
Allianz Capital Partners has finalized the acquisition of the 147 MWdc Galloway 2 solar project located in Concho County, Central Texas, USA, from Avantus (formerly 8minute).
Read more -
November 02, 2022
Pioneer offtakes power from 300 MW renewable projects in USA
Pioneer Natural Resources Company has announced its participation in 300 MW wind projects in Texas, USA.
Read more -
November 01, 2022
Portland General Electric offtakes power from 775 MW Onshore wind farm in USA
Portland General Electric Company (PGE) has announced plans to purchase 311 MW of energy from NextEra Energy Resources, LLC's 775 MW Clearwater wind project in Montana, USA.
Read more
