Three major solar project deals closed this week, suggesting investors still see solar playing a role in the energy longterm. Here’s the rundown ➡️ (PV Magazine)
Soltage secured $260 million in construction and term debt financing led by National Bank of Canada. The New Jersey IPP now has flexible capital to keep growing its 2 GW pipeline of distributed utility-scale solar across the US.
Origis Energy locked down $530 million in portfolio financing for its 150 MW Wheatland (IN) and 200 MW Optimist (MS) solar-plus-storage projects.
rPlus Energies closed over $500 million in tax equity for the Green River Energy Center, a 400 MW solar and 1.6 GWh storage project in Utah. It will serve PacifiCorp under a long-term PPA and deliver $55 million in economic impact.