US Solar Fund enters agreement with Longroad Energy Partners for Milford Solar Project acquisition
US Solar Fund Plc has entered into an agreement with Longroad Energy Partners for the acquisition of the 128 MWdc solar project in Utah for an undisclosed amount.
The Milford Solar Project has a 25-year power purchase agreement (PPA) with an unnamed investment-grade off-taker that will take effect in the second half of 2020.
US Solar Fund will finance the project with a US$30 million cash equity contribution and US$50 million in non-recourse debt, while the balance will come from tax equity.
The deal is expected to be completed by late 2019.
Country updates
-
-
August 06, 2019
I Squared Capital enters into exclusive, strategic partnership with Twenty First Century Utilities
I Squared Capital, through its ISQ Global Infrastructure Fund II, has entered into an exclusive strategic partnership with Twenty First Century Utilities (TFC), a privately held development and asset...
Read more -
August 06, 2019
Ameren, EDF canceled the development of 157 MW Brickyard Hill wind project in Missouri
Ameren Missouri, a subsidiary of Ameren Corporation, has announced that it has mutually agreed with EDF Renewables, Inc. to terminate the development of an up to 157 MW wind facility in ...
Read more -
August 06, 2019
redT energy plans merger with Avalon Battery Corporation
UK energy storage firm redT energy plans to merge with US company Avalon Battery Corporation. The two companies have entered a non-binding Memorandum of Understanding (MoU) that sets...
Read more -
August 02, 2019
PPA for 700 MW combined energy project in the USA
Western Farmers Electric Cooperative (WFEC) has announced that it has entered into a power purchase agreement with a subsidiary of NextEra Energy Resources, LLC, for the largest combined 700 MW wind,...
Read more -
August 01, 2019
Hyundai Engineering selected to build a 200 MW combined cycle power plant in Guam
Hyundai Engineering will join the development of US$534 million project, a 200 MW combined cycle power plant in Dededo, northern Guam, won by state utility firms Korea Electric Power Corp. and Ko...
Read more
