US$300 Million Debt and Tax Equity Investment for 100 MW Prairie Mist Solar Project
Primergy Solar LLC announced that it closed commitments for US$300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas, USA.
The debt financing for the Prairie Mist project comprises a tax equity bridge loan, construction/term debt, and a letter of credit facility. A syndicate, led by Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, and SMBC, is responsible for the debt facilities. Additionally, the financing includes a tax equity investment led by an affiliate of The PNC Financial Services Group, Inc.
Currently under construction, the Prairie Mist Solar Project will connect to Entergy’s transmission system in the Midcontinent Independent System Operator’s (MISO) operating footprint. This solar initiative aims to enhance Arkansas's energy mix and reduce its dependence on coal, gas, and oil for power production. Anticipated to be completed in 2024, the project will generate sufficient clean energy to power approximately 22,000 homes annually.
Country updates
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November 27, 2023
SDCL closed USD711 million Energy Efficiency Infra Fund
Sustainable Development Capital LLP (SDCL) has closed its energy efficiency infra fund at its EUR 650 million target (USD 711 million).
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First of 12 Turbines installed at 132 MW South Fork offshore wind farm in New York
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November 22, 2023
BP repowered 300 MW Onshore Wind farm in USA
BP has completed repowering its 300 MW Fowler Ridge 1 wind farm in northwest Indiana, USA.
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November 16, 2023
Commercial operation started at 500 MW Oberon solar and storage project in Riverside County
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November 14, 2023
USD529 million financing received for 150 MW/600 MWh Solar & battery energy storage project in USA
Arevon has completed the financing for a 157 MWdc of solar coupled with 150 MW/600 MWh of battery energy storage project in California, US.
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