Clearway Energy secures debt financing for 345 MW Mesquite Sky wind project in Texas

Clearway Energy Group has reached financial close for the construction debt financing of the planned 345 MW Mesquite Sky wind project located in Callahan County, Texas, USA.

Clearway also closed a US$427 million in construction debt financing, for which Mizuho Bank, Ltd. acted as the coordinating lead arranger and with Canadian Imperial Bank of Commerce (CIBC), MUFG Bank, Ltd., Santander Bank N.A., and Sumitomo Mitsui Banking Corporation (SMBC) each acting as mandated lead arrangers.

Once operational, Mesquite Sky will sell power under long-term virtual power purchase agreements to support the sustainability commitments of corporate customers Deere & Company and Whirlpool Corporation.

The project will have a total of 69 turbines supplied by Siemens Gamesa Renewable Energy. Mesquite Sky construction is being led by EPC partner Blattner Energy, representing the fourth project Blattner has constructed for Clearway in the last 4 years. Clearway also partnered in development and pre-construction services for the project with NorthRenew Energy, which had been the original developer for the project.

Mesquite Sky is expected to reach commercial operations in late 2021. In December, Clearway announced a joint-equity transaction for a 1.6 GW portfolio that includes Mesquite Sky.