Primergy Solar has closed commitments for $350 million in tax equity financing for the 408 MW Ash Creek Solar project in Hill County, Texas.
This brings the total capital raised for the Ash Creek Solar project to nearly $1 billion, says the company. Earlier this year, Primergy announced $588 million in project financing for construction of the project and secured a long-term power purchase agreement with Microsoft.
The project is currently under construction and is expected to be operational next year.
“This level of successful tax equity financing in today’s ERCOT market is a testament to our team’s ability to develop best-in-class projects,” says Tim Larrison, CFO of Primergy.
“Large-scale solar projects are essential for decarbonizing and increasing the resilience of our nation’s electric grid. We are pleased with the continued partnerships and the trust we receive from leading financial institutions and investors, which are essential to delivering clean energy to communities across America.”
The tax equity investment was led by a telecommunications company, with additional investment from Truist Bank. Primergy was advised by Latham & Watkins and Paragon Energy Capital. The telecommunications company and Truist Bank were advised by Milbank and Cornerstone Financial Advisors.
Ash Creek Solar was originally developed by Orion Power Generation, a joint venture between Orion Renewable Energy Group and Eolian. Primergy acquired the project in 2021.
The post Primergy Secures Additional $350M for Ash Creek Solar Project appeared first on Solar Industry.
Primergy Secures Additional $350M for Ash Creek Solar Project
To the a
uthor of the meme here, I would suggest that hate and ignorance are far more aggressive forms of cancer.
Yes, Hegseth and RFK, Jr. will be gone, but I think what’s going to happen first is the decapitation of the snake itself, i.e., the removal of Trump from the presidency.
Based on the news on social media, this could happen via the 25th Amendment, based on Trump’s mental deterioration. In my view, that’s a shame. If he’s not criminally prosecuted, this nation will be deprived of letting the American people and the rest of the world know that rule of law still matters in the United States.
Steve Bannon on the Consequences of a Blue Tsunami in November
When I was young, I heard someone say, “The first execution this country televises will be the last one ever performed here.”
I think he was right at that time. You’d have millions of people watch that barbarism and realize that it was done in their name.
But today, we’re a far more insensitive, brutal, and stupid people that we were 50 years ago. If you doubt that, just look at the quality of the people at the top of the federal government–people like RFK, Jr., Hegseth, and Trump.
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