BrightNight and Cordelio Energy have secured a $414 million development credit score facility for his or her 300 MW Field Canyon solar energy undertaking in Pinal County, Ariz.
“Together with our current $375 million company credit score facility with a robust financial institution group, this profitable financing is a major milestone in funding the buildout of our in depth 37 GW renewable energy portfolio,” says Martin Hermann, BrightNight CEO.
“We deeply worth our partnership with SPPA, Pinal County and the state of Arizona. This funding will convey much-needed clear energy, a whole lot of expert jobs, financial improvement and power safety to this strategic and quickly rising area.”
BrightNight and Cordelio Energy are co-members of BOCA bn, the undertaking’s proprietor. Building started in December, with the undertaking anticipated to be operational subsequent 12 months.
Zions Bancorporation served as administrative agent and coordinating lead arranger. Joint lead arrangers are Nationwide Financial institution of Canada, Royal Financial institution of Canada, Sumitomo Mitsui Belief Financial institution and Canadian Imperial Financial institution of Commerce.
Blattner is the undertaking’s EPC contractor.
