Greenwood Energy reaches FC for 26 MW PV portfolio

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Greenwood Energy reaches FC for 26 MW PV portfolio

Greenwood Energy has announced the closing of a US$52.8 million tax equity and debt financing on a portfolio of solar photovoltaic (PV) projects with a combined generating capacity of 26 MW.

The portfolio is made up of six projects in Florida, Vermont and New York. Construction of the Florida and Vermont projects is complete and they are expected to begin selling energy by the end of August and September, 2017, respectively.

The New York projects are advanced in their construction phase and will be commercially operational in early 2018. All projects have long term Power Purchase Agreements (PPA) with investment grade counterparties.

Tax equity financing was provided by U.S. Bancorp Community Development Corporation and debt financing was provided by Santander Bank.

This is Greenwood Energy's fourth successful solar PV portfolio financing, having previously developed, built and financed 23 solar projects in the United States with 58 MW of generating capacity.

List of country news

Country news

  • September 14, 2017

    Tenaska Imperial Solar Energy Center West reaches debt refinancing

    Tenaska has closed refinancing on its 150 MW Tenaska Imperial Solar Energy Center West project through an issuance of US$400 million of senior secured, long-term notes. The private placement received an investment-grade rating of BBB by Kroll.

    Read more
  • September 04, 2017

    True Green Capital closes third fund reaching hard cap of US$350 M

    True Green Capital Management LLC (TGC), an institutional asset manager specializing in distributed power generation, with a current focus on commercial photovoltaic solar, announced it has closed its latest discretionary fund, True Green Capital Fund III, L.P. 

    Read more
  • September 04, 2017

    Onyx closes Tax Equity Partnership for 60 MW of PV projects

    Onyx Renewable Partners, backed by funds managed by Blackstone Energy Partners and Blackstone Capital Partners, has announced the closing of its third major tax equity partnership for 60 MW of solar PV projects (16 separate projects) across six US states.

    Read more
  • September 01, 2017

    Duke Energy announces plan for 700 MW of solar in Florida

    Duke Energy Florida filed a revised settlement agreement with the Florida Public Service Commission (FPSC) which includes plans to add 700 MW of solar capacity.

    Read more
  • August 31, 2017

    Starwood Energy sells minority interest in two Texas wind farms

    Starwood Energy Group Global, a private investment firm focused on energy infrastructure, has announced that it has sold 49% of its interests in the Horse Creek and Electra wind farms to Munich Re Group, advised by its group-internal asset manager MEAG.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.