BayWa r.e. Secures $416M Funding for JVR Energy Park

BayWa r.e. Americas has secured $416 million in funding for its JVR Energy Park, a hybrid solar and battery storage project in San Diego County. The financing package includes a construction-to-term loan facility led by Société Générale and preferred equity investments from funds managed by Wafra Inc. and Acadia Infrastructure Capital, L.P. This funding will support the construction and long-term operations of the 125 MW solar and 70 MW battery storage facility, which is expected to power approximately 57,000 homes and enhance grid stability.

Counterparts (5)

Lender

Société Générale

company · 2 deals

Société Générale has acted as a lender in two verified deals, totaling £500 million and $1.5 billion, respectively. These financings support renewable energy projects, specifically one solar project in the UK and one energy storage project in the USA. This indicates a focus on providing debt financing for solar and energy storage projects across international markets.

Investor

W

Wafra Inc.

company

BayWa r.e.

company

BayWa r.e. is a leading global renewable energy developer, service provider, distributor and energy solutions provider. They are active in solar, wind, and energy storage, developing, constructing, and operating renewable energy projects.

A

Acadia Infrastructure Capital, L.P.

company

borrower

B

BayWa r.e. Americas

company