Matrix Renewable signs US$92mn tax equity financing for Gaskell West 2 and Gaskell West 3 solar projects
Matrix Renewables has signed a US$92 million tax equity financing with an affiliate of Bank of America for the Gaskell West 2 and Gaskell West 3 solar photovoltaic projects in Kern County, California, USA.
The solar projects with a combined capacity of 143 MW DC have an incorporated 80 MWh energy storage system. The solar farms have secured five long-term power purchase agreements with utilities and cities in California.
CohnReznick Capital served as an exclusive financial advisor and Norton Rose Fulbright acted as a legal advisor for Matrix Renewables. The project is expected to be operational before the end of 2022.
Country updates
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June 23, 2022
US bureau releases draft EIS for 1.1 GW offshore wind project in New Jersey
The US Bureau of Ocean Energy Management (BOEM) has announced its readiness to release the Draft Environmental Impact Statement (DEIS) of the planned Ocean Wind 1 offshore wind energy projec...
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June 22, 2022
Recurrent buys standalone energy storage projects in Texas
Black Mountain Energy Storage (BMES) has announced the acquisition of two stand-alone energy storage projects located in the Texas ERCOT market's South Load Zone in the USA by Recurrent Ener...
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June 17, 2022
Sekisui Specialty Chemicals offtakes power from 92 MW wind farm in Texas
SEKISUI Specialty Chemicals has signed a 5-year power purchasing agreement (PPA) with TXU Energy. SEKISUI will purchase renewable energy from the Indian Mesa wind farm in Pecos County, Texas, st...
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June 15, 2022
Doral Group secures financial close for 400 MW Mammoth North solar project in Indiana
Doral Group, through its unit Doral Renewables LLC, has secured a financial close for the 400 MW Phase 1 of the Mammoth Solar project located in Starke County, Indiana, USA. Deutsche Bank AG, Ne...
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June 14, 2022
Duke Energy Florida starts commercial operation of 74.9 MW Charlie Creek solar project in Hardee County
Duke Energy Florida has started the commercial operation of its 74.9 MW solar photovoltaic project located in Hardee County, Florida, USA. The Charlie Creek Solar Power Plant is constructe...
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