Primergy has closed commitments for $300 million in debt finance and tax fairness funding for the 100 MW AC Prairie Mist Photo voltaic Undertaking in Ashley County, Ark.
The Prairie Mist mission debt financing features a tax fairness bridge mortgage, development/time period debt and a letter of credit score facility. The debt amenities are led by Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Company and Funding Financial institution, in addition to SMBC. The Prairie Mist financing additionally features a tax fairness funding led by an affiliate of PNC Monetary Companies Group.
“We’re happy to have supported Primergy on the Prairie Mist financing as coordinating lead arranger,” says Nord/LB’s Alejandro Lopez-Jensen. “This mission represents our dedication to financing renewable power tasks all through the U.S. Nord/LB values our relationship with Primergy and our shared objectives towards advancing the power transition.”
“The Primergy crew is targeted on creating, constructing, and working best-in-class carbon-free power provide tasks throughout the nation,” provides Ty Daul, CEO of Primergy. “We’re grateful for our continued partnership with the main clear power mission financiers which can be targeted on serving to us decarbonize the U.S. energy grid.”
The Prairie Mist Photo voltaic Undertaking is at the moment underneath development and can hook up with Entergy’s transmission system within the Midcontinent Unbiased System Operator’s working footprint.
The mission is predicted to be accomplished subsequent yr. As soon as operational, it’s set to offer sufficient power to energy roughly 22,000 houses yearly.
