Terra-Gen secures financing and develops the Edwards & Sanborn solar and energy storage project
Type: Financing · Technology: Solar, Storage, Other · Country: United States · Capacity: 807 MW · Value: $1.76B · Announced: 2024-01-01
Terra-Gen developed the Edwards & Sanborn 807MW solar and 3,287MWh (3.287GWh) battery storage facility in Kern County, California, in a two‑phase project financed via senior secured credit facilities and tax equity commitments totaling $804M for phase one and $959M for phase two, supplying multiple offtakers including San Jose, SCE, PG&E, Clean Power Alliance and Starbucks.
Counterparties
- Deutsche Bank AG (Lender)
- JPMorgan Chase & Co (Lender)
- LevelTen Energy, Inc (Offtaker)
- ING Bank N.V (Lender)
- Clean Power Alliance (Offtaker)
- Southern California Edison (Offtaker)
- Starbucks Corporation (Offtaker)
- Terra-Gen, LLC (Developer)
- Axium Infrastructure (Investor)
- Pacific Gas & Electric Company (Offtaker)
- BNP Paribas S.A (Lender)
- U.S. Bank National Association (Lender)
- CoBank, ACB (Lender)
- City of San Jose (Offtaker)
- Nomura Securities Co., Ltd (Lender)
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