Macquarie Asset Administration and Sol Methods have collectively invested $85 million in assist of the development and operation of 5 utility-scale photo voltaic tasks in Illinois and Ohio.
Macquarie offered the funding on a totally bilateral foundation within the type of a six-year time period mortgage facility. The ability is subordinated to senior debt and tax fairness and is secured towards Sol Methods’ possession curiosity within the underlying tasks.
The tasks are anticipated to finish development by subsequent 12 months. A software program companies supplier has signed a long-term PPA for the undertaking’s whole energy.
“We’re excited in regards to the starting of our partnership with Sol Methods,” says Macquarie’s Harlan Cherniakt.
“The funding aligns with our technique of offering custom-made capital construction options to top-tier monetary companions, strategic infrastructure sponsors and their portfolio firms, in addition to our ongoing dedication to speed up the decarbonization of the U.S. energy and transmission grid.”
