Vesper Energy has announced the closing of financing for its 600 MW Hornet Solar project in Texas.
The company secured a $590 million debt financing package for the single-phase solar project, consisting of a construction-to-term loan and letter of credit facility. The bank group includes MUFG Bank, Nord/LB and Santander Corporate & Investment Banking as coordinating lead arrangers, BayernLB as joint lead arranger and Associated Bank as lender.
“Closing project financing and a long-term purchase agreement for the PTCs on a large project in west Texas is complex,” says Vesper Energy CFO, Robert Scheuermann. “We are proud to invest in Hornet Solar alongside top-tier lenders and investors. This closing is a testament to the value Vesper Energy generated in the asset.”
With a nameplate capacity of 600MW, the company says the project will utilize bifacial PV modules on a single axis tracking system as well as interconnect to Oncor Electric’s transmission system in ERCOT.
Blattner Energy is constructing the Hornet Solar project. The power generated by the project is contracted to four off-take partners through individual PPAs.
Vesper Energy was advised by CCA Capital on the sourcing and structuring of the PTC transfer commitment.
The post Vesper Energy Closes $590M in Financing for Hornet Solar appeared first on Solar Industry.
If the situation in the United States weren’t so tragic, this meme would be funny.
The Republicans are banking on the fact that American voters are so stupid that they don’t know that it was the Trump administration that created the affordability issues. Gas prices around here are currently almost exactly $2.00 more than they were when Trump started this pointless and illegal war in Iran.
Does what Hannah Arendt said at left apply to Donald Trump today?
Not sure. I’m fairly certain that, for instance, Trump wants as many morons as possible to believe that the 2020 election was rigged.
However, the bulk of what she said is absolutely true. Trump most certainly wants to deprive people of the capacity to think and judge.
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ACORE to Ring Opening Bell at New York Stock Exchange to Celebrate 25 Years
Washington, D.C. – ACORE will ring the opening bell at the New York Stock Exchange on Wednesday, July 29 at 9:30 a.m. ET to celebrate its 25th anniversary of powering investment in American clean energy.
For 25 years, ACORE has been working across the entire clean energy business process, uniting technology, policy, and finance to accelerate America’s transition to a clean energy economy.
ACORE’s President and CEO Ray Long will ring the bell alongside members of the ACORE Board.
If you are interested in a conversation with ACORE CEO Ray Long, please let us know at communications@acore.org.
When: Wednesday, July 29 at 9:30 a.m. ET
Where: New York Stock Exchange, 11 Wall Street, New York, NY. Media wishing to attend in person should RSVP to Chris Higginbotham beforehand. The ceremony will also be livestreamed at https://www.nyse.com/bell.
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About ACORE:
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.
ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members.
Media Contacts:
Chris Higginbotham
higginbotham@acore.org
The post ACORE to Ring Opening Bell at New York Stock Exchange to Celebrate 25 Years appeared first on ACORE.
https://acore.org/news/acore-to-ring-opening-bell-at-new-york-stock-exchange-to-celebrate-25-years/
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