Vesper Energy has finalized construction and term loan syndication, representing $592 million in investments, for its 600 MW Hornet Solar project located in Swisher County, Texas.
The project utilizes bifacial PV modules on a single-axis tracking system. Power generated by the project is contracted to four off-take partners through individual PPAs.
“This closing is a testament to the value of our Hornet Solar project and showcases our ability to leverage innovative financial structures to provide the greatest, mutually beneficial value for our partners,” says Robert Scheuermann, Vesper Energy’s CFO.
“We look forward to working with leading investors and lenders as we develop, construct and operate clean energy projects across the United States.”
The project has secured commitments from a group of banking and lending partners, including MUFG Bank, Nord/LB and Santander as coordinating lead arrangers. Societe Generale, BayernLB and KB Kookmin Bank acted as joint lead arrangers. Allied Irish Bank, Associated, Radiance Structured Finance and DZ Bank acted as lenders.
Blattner Energy is constructing the project.
The post Vesper Energy Finalizes $592M Hornet Solar Debt Syndication appeared first on Solar Industry.
As a financially comfortable, educated, straight white male, one might think I’m impervious to any of Trump’s policies.
I have a weakness, however, and it’s one I share with virtually every other progressive on the planet–I care deeply the well-being of other people. It disturbs me greatly to see other people suffer, especially when that suffering would be so easily avoided.
At left is a great example of a fallacy called a “false dichotomy.”
We all crave information that backs up what we already believe, and, in general, Trump supporters have this going on in spades.
When we think about it, isn’t in possible to both protect American citizens and respect the Constitution rights all people living here?
What would one expect a sycophant to say?
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