Greenbacker secures US$186mn credit for 160 MWac solar PV projects in South Dakota and Montana
Greenbacker Renewable Energy Company LLC has entered into a US$186.2 million senior credit agreement with KeyBank N.A. and Fifth Third Bank to support the 160 MWac MTSun and Fall River solar projects in US states Montana and South Dakota, respectively.
KeyBank was the administrative agent for the lenders, while KeyBanc Capital Markets and Fifth Third Bank were the joint lead arrangers. Sheppard, Mullin, Richter & Hampton advised Greenbacker on the transaction, while Winston & Strawn represented the lenders.
The solar energy produced annually by the two utility-scale projects is estimated to power more than 34,000 homes in the two states while offsetting more than 260,000 metric tons of CO2 emissions.
Country updates
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September 21, 2022
Engie, Procter and Gamble to build 200 MW Sun Valley solar PV project in Texas
ENGIE North America and Procter and Gamble (P&G) have partnered to build a 200 MW solar photovoltaic (PV) project located in Hill County, Texas, USA. The construction of the solar proj...
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September 21, 2022
EDPR starts construction of 240 MW Cattlemen I solar PV project in Texas
EDP Renewables North America has started the construction of its 240 MW Cattlemen I solar photovoltaic project located in Milam County in Texas, USA. The Cattlemen I solar project has secured t...
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September 21, 2022
Ocean Winds named its 1.7 GW Offshore wind farm in USA
Ocean Winds has revealed that Bluepoint Wind is the official name of its planned 1.7 GW offshore wind power project in the New York Bight, USA.
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September 21, 2022
SunVest Solar commissions three solar PV projects in Illinois
SunVest Solar LLC has commissioned its three solar community projects in Illinois, USA. Two of the solar sites, located in the communities of Glenwood and Mazon, are within the territory of Commo...
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September 20, 2022
Novva Data Centers announces development of new 100 MW data center project in Las Vegas
Novva Data Centers has announced its plans to develop a new 100 MW data center in North Las Vegas, Nevada, USA. The US$400 million data center, located on a 20-acre site, will be Novva's third lo...
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