sPower Gets $434M in Financing for Its Beacon Solar Projects

sPower – Sustainable Power Group – sPower Achieves Financial Close, Nearly $48 Million Debt Financing for UK Solar Portfolio with National Australia Bank Read more.

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sPower’s Line of Credit – II Round – CB Insights – sPower raised a round of funding on November 15, 2016. sPower is an independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the UK. With 4.0 gigawatts be. sPower Closes $434 Million in.

This morning Utah developer spower announced a truly massive financing transaction for a portfolio of solar projects in Southern California. The company reports that it has completed a tax equity investment and syndicated construction and term loan facility which totals $786 million, from a consortium of European and American banks.

To date, sPower has deployed more than $2 billion of capital for its solar and wind projects. With 6.7 gigawatts between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States.

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Beacon Solar Project – Wikipedia – The Beacon Solar Project is a photovoltaic power station in the northwestern Mojave Desert, near California City in eastern Kern County, California. [1] [2] Split into five phases, the Beacon solar facilities combined will generate 250 MW of renewable energy for the Los Angeles Department of Water and Power (LADWP) when fully operational.

Fawn Lake residents speak at SCC hearing on proposed solar. – SPower wants to build a 500-megawatt solar facility off of West Catharpin Road. The site would have 1.8 million solar panels on sections of the property, covering sections totaling about 3,500 acres.

sPower is the largest independent owner, operator and developer of utility-scale solar assets in the United States, and is currently owned by Fir Tree Partners. AES to Purchase sPower for $853.

sPower Gets $434M in Financing for Its Beacon Solar Projects. The funds will be used to finance three solar projects, which when fully operational, will generate 183.4 megawatts (MW) of renewable energy. All three Beacon solar projects are located in Cantil, Calif. and are currently under construction.

Through its new in-house financing capabilities, Standard Solar is able to provide a source of funding for solar PV projects nationally. The company is also providing mentoring services to district firms for development, engineering and construction, sharing the experience gained from installing more than 9.5MWs in the District since 2009.