Leeward secures financing scheme for Rabbitbrush solar-plus-storage project in California
Leeward Renewable Energy has completed the construction and tax equity financing for the development of the 100 MW with a 20 MW/50 MWh Rabbitbrush solar-plus-storage project that will be located in Kern County in California, USA.
The group of financial institutions composed of Wells Fargo, Silicon Valley Bank and MUFG has extended a total of US$58.5 million in construction debt financing while JP Morgan provided about US$12.5 million and pledged an additional US$50 million once the solar farm is operational.
The energy produced from the solar farm will be sold to community-owned power suppliers Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE) under a 15-year power purchase agreement (PPA).
Country updates
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July 06, 2022
Vestas to supply turbines for 266 MW wind project in Texas
Vestas has secured a turbine deal for the 266 MW Goodnight I onshore wind project located Texas, USA. The order, placed by Omega Energia, consists of 59 V136-4.5 MW turbines, as well a...
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July 06, 2022
Vestas divests its 183 MW wind project in Mississippi
Vestas has divested its 183 MW Delta onshore wind project located in Mississippi, USA to AES Corporation. The project will feature one of the highest tip heights in North America to take advanta...
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July 05, 2022
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July 04, 2022
ECP closes US$1.6bn continuation fund to buy direct stake in Calpine
ECP has announced the financial close of a continuation fund with US$1.6 billion in capital commitments and that the continuation fund has signed a purchase and sale agreement to acquire a portion of...
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July 01, 2022
Clearway Energy buys 413 MW of US wind farms
Clearway Energy, Inc. has entered into a binding agreement Capistrano Wind Partners, LLC for the acquisition of the latter's portfolio of operational wind projects for US$255 million in cash...
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