Clearway Energy Group closes financing and starts construction on Pine Forest solar and storage projects
Type: Development · Technology: Solar, Storage · Country: United States · Value: $665M · Announced: 2024-10-02
Clearway Energy Group closed $665 million in financing and began construction of the 300 MW Pine Forest solar project and 200 MW energy storage installation in Hopkins County, Texas, with long-term virtual power purchase agreements with Dell Technologies and Universal Corp. and financing from a consortium of banks.
Counterparties
- Australia and New Zealand Banking Group Limited, New York Branch (Lender)
- Lloyds Bank Plc (Lender)
- Commerzbank AG, New York Branch (Lender)
- Clearway Energy Group (Developer)
- KeyBanc Capital Markets Inc (Lender)
- Universal Corporation (Offtaker)
- Société Générale (Lender)
- Dell Technologies, Inc (Offtaker)
- Banco Bilbao Vizcaya Argentaria S.A., New York Branch (Lender)
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