Vesper Energy secures $590 million financing for Hornet Solar project
Type: Financing · Technology: Solar · Country: United States · Capacity: 600 MW · Value: $590M · Announced: 2024-02-02
Vesper Energy secured $590 million in debt financing, including a construction-to-term loan and letter of credit facility, for the 600 MWac / 745 MWdc Hornet Solar project in Swisher County, Texas, with power contracted to four offtakers under individual PPAs.
Counterparties
- Advantage Capital (Investor)
- Vesper Energy (Developer)
- Associated Bank (Lender)
- BayernLB (Lender)
- NORD/LB (Lender)
- Santander Corporate & Investment Banking (Lender)
- Blattner Energy (Epc)
- CCA Capital (Advisor)
- MUFG Bank, Ltd (Lender)
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