November 19, 2021 Read More →

Intersect secures $2.6 bln for solar, storage projects in Texas, California

PV Tech:

Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.

Eight separate transactions cover construction financing, tax equity, land financing and portfolio level term debt for the six-project portfolio, which includes 2.2GWdc of late-stage solar with 1.4GWh of energy storage.

The Athos III, Oberon I and Oberon II projects are in California, while the Radian, Lumina I and Lumina II plants will be constructed in Texas. They are all expected to be operational by 2023.

It was revealed earlier this year that Signal Energy was appointed EPC contractor for the 313MWdc Athos III and 415MWdc Radian projects, with Nextracker supplying its NX Horizon trackers and First Solar providing its Series 6 modules for both plants.

[Jules Scully]

More: Intersect Power secures US$2.6bn financing for 2.2GW of PV, 1.4GWh of energy storage

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