Clearway secures financing, starts construction at 152 MW wind project in Idaho
Clearway Energy Group has secured financing for the 152 MW Cedar Creek Wind project in Bingham County, Idaho, USA. The company is now starting the construction of the wind farm which is expected to generate enough clean electricity to power approximately 41,000 homes annually.
The project's construction involved the collaboration of a bank consortium consisting of Societe Generale, Crédit Agricole CIB, CoBank, and KeyBanc. These financial institutions provided a total of US$322 million in construction and equity bridge loans, US$37 million in letters of credit, and a US$122 million term loan.
Furthermore, Clearway has secured committed tax equity investment as well as cash equity investment from Clearway Energy, Inc. upon the project's commercial operation, which is scheduled for 2024.
Country updates
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July 28, 2023
Avangrid starts construction of 240 MW True North Solar Farm in Texas
Avangrid has started the construction of the 240 MW AC True North solar photovoltaic project located in Falls County, Texas, USA. True North, Avangrid’s first solar farm in Texa...
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July 28, 2023
Corre Energy buys 280 MW / 4.2 GWh energy storage project in West Texas
Corre Energy B.V. has announced that it has entered into an exclusive agreement to acquire a 280 MW/4.2 GWh energy storage project in West Texas, USA from Contour Energy. The utility-scale stora...
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July 27, 2023
Clearway closes financing and starts construction of Rosamond Central BESS project in Kern
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July 27, 2023
Enel, Eaton sign retail agreement for 500 MW wind project in West Texas
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July 26, 2023
First Solar secures order for 279 MW solar project in Alabama
The Tennessee Valley Authority (TVA) has placed an order to First Solar for the delivery of solar panels for the construction and development of the 279 MW DC solar photovoltaic project which wil...
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