Clearway Energy Group completes financing on its Community Solar Fund 7
Clearway Energy Group has closed more than US$195 million of debt financing for its Community Solar Fund 7 – a diversified portfolio of 12 projects totaling 71 MWdc that will serve commercial and industrial customers and around 3,600 residential customers across Illinois and Massachusetts.
For the debt financing, Fifth Third Bank and KeyBanc Capital Markets acted as Coordinating Lead Arrangers and Joint Bookrunners, while MUFG Union Bank served as Joint Lead Arranger and Joint Bookrunner for construction and term debt financing.
Community solar offers financing partners participation in diverse, long-dated cash flows from residential, commercial, and municipal customers in addition to state-backed incentives – all with the low-risk operating performance of a utility-scale project.
Country updates
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May 24, 2021
GE to supply turbines for 302 MW Onshore wind farm in USA
GE Renewable Energy has been selected to provide 107 of GE’s 2.82-127 onshore wind turbines for the 302 MW Lincoln Land Wind project in Morgan County, Illinois.
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May 21, 2021
Apex closes sale of 383 MW Isabella Wind in Isabella County
Apex Clean Energy has announced the closing of the sale of the Isabella Wind I and II projects to DTE Energy, Michigan’s leading producer of renewable energy, and the start of commercial operati...
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May 21, 2021
BOEM begins review of 880 MW Revolution Wind project
The US Bureau of Ocean Energy Management (BOEM) is set to begin an environmental review of the proposed Revolution Wind project offshore from Rhode Island. The agency issued a notice of intent (NOI) t...
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May 20, 2021
PPA signed for 200 MW Onshore wind project in USA
ENGIE North America announced today that its Houston headquarters is under contract for renewable energy from one of its own 200 MW wind projects located near Texas.
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May 20, 2021
CarVal achieves final close for CVI Clean Energy Fund (CEF)
CarVal Investors has announced the final close of CVI Clean Energy Fund (CEF) with US$490 million in total capital commitments. The Fund, which exceeded its initial target size of US$250 million, is f...
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