Matrix Renewables secures financing for 210 MW Stillhouse solar project
Type: Financing · Technology: Solar · Country: United States · Capacity: 210 MW · Value: $376M · Announced: 2024-12-05
Matrix Renewables secured $376 million of financing (debt and preferred equity) for the development of the 210 MWac Stillhouse solar project in Bell County, Texas, which includes a 15-year PPA with affiliates of Hyundai and will deliver environmental attributes to Microsoft; commercial operation is expected in Q3 2025.
Counterparties
- HSBC Holdings plc (Lender)
- Microsoft Corporation (Partner)
- Acadia Infrastructure (Investor)
- Matrix Renewables (Developer)
- Hyundai (affiliates) (Offtaker)
- ING Groep N.V (Lender)
- MUFG Bank, Ltd (Lender)
- Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (Lender)
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