Global Infrastructure SherpaPrimergy closes US$760 million refinancing for Gemini solar-plus-storage project
USD760M
Deal Value
690 MW
Capacity
Primergy, a US solar developer launched by Quinbrook Infrastructure Partners, secured a US$760 million refinancing for its Gemini Solar and Storage Project in Clark County, Nevada. The financing package includes a US$600 million private placement of senior secured notes and a US$160 million letter of credit facility, providing long-term stability for the 690MWac/966MWdc solar PV project paired with 380MW/1,400MWh of battery energy storage system.
Get daily hybrid deal alerts — free, no spam.
Counterparts (6)
Lender
BofA Securities
BofA Securities is the global corporate and investment banking division of Bank of America, providing M&A advisory, debt and equity capital markets, and project finance services across all major infrastructure sectors worldwide. It leverages Bank of America's extensive balance sheet and global network to serve institutional clients.
K
KeyBanc Capital Markets
KeyBanc Capital Markets is the corporate and investment banking arm of KeyCorp, providing M&A advisory, capital raising, and financial services to corporate clients across sectors including infrastructure, energy, and digital. It operates primarily in North America, facilitating significant transactions in renewable energy, data centers, and transmission.
M
MUFG Securities Americas
MUFG Securities Americas is the U.S. broker-dealer and investment banking arm of Mitsubishi UFJ Financial Group (MUFG), providing capital markets, advisory, and lending services for large-scale infrastructure projects across North and Latin America, with a significant focus on energy transition.
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Deal Analysis
Oakland-based Primergy, a developer backed by Quinbrook Infrastructure Partners, secured US$760 million to refinance its massive Gemini solar-plus-storage project in Nevada. This significant package, featuring a US$600 million private placement of senior secured notes and a US$160 million letter of credit facility, provides long-term stability for the 690MWac solar PV and 1,400MWh battery energy storage system. Quinbrook, a specialist investor focused on accelerating the shift to cleaner energy, launched Primergy and continues to support its innovative, utility-scale hybrid projects. The deal highlights continued lender confidence from BofA Securities, KeyBanc Capital Markets, and MUFG in large-scale, integrated renewable assets.
- US$760 million refinancing for a single hybrid project.
- Gemini project combines 690MWac solar with 1,400MWh battery storage.
- Financing includes a US$600 million private placement of senior secured notes.
- Primergy is a developer launched by specialist energy transition investor Quinbrook.
Timeline
Announced
Mar 12, 2026
Signed
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →