Leeward Renewable Energy closes financing for 174 MW solar-plus-storage project in California
Leeward Renewable Energy (LRE) has closed US$260 million in construction financing and tax equity commitments for its 174 MW Chaparral Springs Solar + BESS Facility project in Kern County, California, USA.
Wells Fargo was the administrative, green structuring agent, and coordinating lead arranger for the construction finance. MUFG and Silicon Valley Bank were joint lead arrangers. In addition, J.P. Morgan invested around US$29 million in tax equity and pledged to invest an additional US$114 million once the project is operational in September 2023.
The project, under construction, will supply 174 MW of renewable energy to Peninsula Clean Energy and Valley Clean Energy. The facility' 88 MW/352 MWh battery storage facility will supply electricity to the two suppliers, strengthening the region's clean power grid.
Country updates
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January 12, 2023
Q Cells invests US$2.5bn for 3.3 GW solar PV project in Georgia
Hanwha Q Cells has announced its investment of over US$2.5 billion to the development of a 3.3 GW solar photovoltaic (PV) project in Georgia, USA. The PV farm will consist of solar ingots, wafers...
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January 12, 2023
Duke Energy commissions 207 MW wind project in Iowa
Duke Energy Sustainable Solutions (DESS) has inaugurated the 207 MW Ledyard wind power project in Kossuth County, Iowa, USA. Amshore Renewable Energy and DESS co-developed the wind farm. Ledyard...
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January 12, 2023
Revolve divests 1.25 GW of solar-plus-storage projects in Arizona to Engie
Revolve Renewable Power Corp. and Engie have signed a deal for the sale of the 1,000 MW Bouse and 250 MW Parker solar-plus-storage projects in Arizona, USA in exchange for an upfront payment of US$2 m...
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January 10, 2023
Engie secures approval for 200 MW North Bend wind project in South Dakota
ENGIE North America received the South Dakota PUC siting authorization for its 200 MW North Bend wind project. The company will erect 71 wind turbines on 46,931 acres in Hyde and Hughes counties. The...
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January 04, 2023
Alliant Energy starts commercial operation of 50 MW solar project in Wisconsin
Alliant Energy has started the commercial operation of the 50 MW North Rock Solar Photovoltaic Project located in Fulton, Rock County, Wisconsin. The facility consists of 120,000 solar panel...
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