KeyState Renewables and Monarch Non-public Capital have closed practically $100 million in tax fairness financing with North Carolina-based Pine Gate Renewables on the Glover Creek photo voltaic mission close to Bowling Inexperienced, Ky.
Glover Creek was the second photo voltaic mission to obtain a allow from the state’s Electrical Technology and Transmission Siting Board and is the primary photo voltaic mission to be constructed in Metcalfe County.
Upon completion, the mission will generate 76.65 MW DC. Pine Gate Renewables, through its mission entity, Glover Creek Photo voltaic LLC, has entered right into a 20-year energy buy settlement with Constellation NewEnergy Inc., a completely owned subsidiary of publicly traded Constellation Power Technology.
KeyState Renewables launched its tax fairness platform, SOLCAP, with Nook Energy in 2019. Since then, SOLCAP has raised and deployed over $265 million in photo voltaic tax fairness for traders.
That is SOLCAP’s second tax fairness funding with Pine Gate Renewables. In February 2020, SOLCAP closed financing on a portfolio of six photo voltaic initiatives in Oregon and South Carolina with Pine Gate Renewables.
