D. E. Shaw Renewable Investments (DESRI) has announced the closing of debt and tax equity financing for the River Fork Solar project. River Fork is a 149 MWac solar facility developed by Ranger Power and is located in Sheridan & Parma Townships, Michigan.
River Fork has a 20-year power purchase agreement for 100 MWac with Consumers Energy. The facility is expected to generate enough clean energy to power approximately 30,000 homes each year, according to metrics provided by the Environmental Protection Agency.
Financing for the construction of the project was led by the Canadian Imperial Bank of Commerce (CIBC) and included four additional lenders: City National Bank (CNB), National Bank of Canada (NBC), Sumitomo Mitsui Banking Corporation (SMBC), and The Korea Development Bank (KDB), alongside a commitment for tax equity financing from Bank of America.
Swinerton Renewable Energy will serve as the engineering, procurement, and construction contractor. In addition, SOLV, Inc. will provide ongoing operations and maintenance services to the facility once operational.
The Bureau of Land Management is seeking public input on a 1 GW commercial-scale wind energy facility that is proposed to be constructed on BLM-managed public land in southern Idaho, approximately 25 miles northeast of Twin Falls.
Read moreEmpire Offshore Wind, a joint venture between Equinor and bp, has named Vestas as the preferred turbine supplier for the 2.1 GW Empire Wind 1 and Empire Wind 2 offshore wind projects in New York, USA.
Read moreLightsource bp has started the commercial operation of its 300 megawatt Bighorn Solar project in Colorado that will supply clean energy to the entire power requirement of the Pueblo steel mill owned by EVRAZ North America.
Read moreBureau of Ocean Energy Management has started to prepare an environmental assessment for the 1510 MW offshore wind project in New Jersey, USA.
Read moreGeneral Electric has been selected as the preferred turbine supplier for the 800 MW Vineyard Wind 1 offshore wind project near Massachusetts.
Read more