Idemitsu Renewables secures financing for 80 MW Pioneer Solar project in Adams County
CIT Group Inc's Power and Energy unit has served as sole lead arranger on an US$85 million financing for the 80-megawatt Pioneer Solar project near Denver, Colorado.
The financing was arranged on behalf of project sponsor Idemitsu Renewables (formerly Solar Frontier Americas). The project will sell power to Intermountain Rural Electric Association (IREA), a nonprofit electric distribution cooperative based in Sedalia, Colorado.
In connection with the financing, CIT is providing a package of cash management and capital markets services.
Country updates
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June 26, 2020
Southern Power commissions 200 MW Reading wind project in Osage and Lyon Counties
Southern Power has commissioned the 200-megawatt (MW) Reading Wind Facility in Osage and Lyon Counties, Kansas. The carbon offsets generated by the Reading Wind Facility are being sold to Royal Carib...
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June 25, 2020
AEP launches RFP for up to 1 GW renewable energy contract in PJM area
US utility AES Corp has issued a request for a proposal (RFP) that seeks carbon-free energy projects for our customers in PJM area, inclusive of AES’s strategic alliance with Google. For an...
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June 25, 2020
EGP starts construction on the 199 MW expansion of Cimarron Bend wind project in Kansas
Enel Green Power started construction on the 199 MW expansion of the Cimarron Bend wind farm in Clark County, Kansas. The expansion, consisting of 74 turbines, will increase the wind farm’s capa...
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June 25, 2020
Amazon launches US$2bn Climate Pledge Fund
Amazon has launched The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge—a commitmen...
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June 24, 2020
DESRI closes financing of 80 MW Sigurd Solar project in Sevier County
D. E. Shaw Renewable Investments (DESRI) has announced the financial closing of the Sigurd Solar project, securing both construction debt and tax equity financing. Sigurd Solar is an 80 megawatt solar...
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