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.
I just met a guy who was headed for the beach to take a swim in the ocean, which I found impressive, given that the water in Santa Barbara is 59 degrees F.
“My ocean-swimming days are over,” I told him.
“Oh, it gets worse,” he relied. “Because of climate change, the waters south of here are too hot for the sharks, so they’re moving north.”
Holy crap.
Occasionally we see signs of integrity from politicians.
What a breath of fresh air.
Yes, but this would have hurt the billionaires, and that can never happen in our society.
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