Excelsior Energy Capital has secured a whopping $1.4bn financing package for their 682.5 MW Faraday solar plus storage facility in Utah.
💡 Here's the breakdown: $1.01bn in debt facilities and $400mn in tax equity financing. The package supports Excelsior Energy to get the project up and running by the end of 2025.
🚀 key takeaway? Enerdatics observes that this financing package is the largest asset-level financing for a single asset in the US this year.
📈 To give you a clearer picture, we've got a chart showcasing the top five asset-level financings in the US for onshore renewable assets this year. Intrerestingly, solar-plus-storage projects dominate the list, reflecting the demand for clean power backed by batteries.
Mohit Kaul
Top Contributor