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/PRNewswire/ ECP, an investor with a decades-long reputation in the renewable and sustainable solutions sector, today announced that it has acquired Pivot. ....
Independent global private asset management Capital Dynamics and S&B USA Energy are to acquire the operational 100MW Saticoy energy storage project in the US state of California for an undisclosed price. Capital Dynamics is acquiring 51% and S&B USA Energy 49% of the facility in Ventura County, which was initially developed by Strata Clean Energy. S&B Energy chief executive Allon Raveh said: “Energy storage will play a major role in the penetration of renewable energy generation, therefore this project is much more than an attractive investment opportunity for us. “With this project and our Beacon 2 and 5 solar assets, we are pleased to be at the forefront of California’s efforts to decarbonise.” ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Lightsource bp Completes $380m Financing and Mobilizes Construction on 316 Megawatts of Solar in Texas January 26, 2021 GMT DALLAS (BUSINESS WIRE) Jan 26, 2021 Lightsource bp has successfully closed on a $380 million financing package and mobilized construction on its Elm Branch and Briar Creek solar projects in Texas, both located about 40 miles south of Dallas. Tax equity financing for the projects was secured from Bank of America. The debt for the facilities was provided by the following mandated lead arrangers: ADVERTISEMENT ING Capital LLC, a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Group NV (NYSE: ING), a global financial institution. ....
Advertisement Lightsource bp has successfully closed on a US$380 million financing package and mobilised construction on its Elm Branch and Briar Creek solar projects in Texas, both located about 40 miles south of Dallas, US. Tax equity financing for the projects was secured from Bank of America. The debt for the facilities was provided by the following mandated lead arrangers: ING Capital LLC, a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect US subsidiary of ING Bank NV, part of ING Group NV, a global financial institution. ....
Lightsource BP has concluded a $380m financing and begun construction of 316MW of solar in Texas. The projects are the 163MW Elm Branch and the 153MW Briar Creek and commercial operation of both projects is expected by late 2021. Tax equity financing for the projects was secured from Bank of America. The debt for the facilities was provided by the following mandated lead arrangers including ING Capital. The balance of the equity requirements will be invested by Lightsource BP. CohnReznick Capital was engaged as the tax equity advisor for the transaction. Lightsource BP CEO Kevin Smith said: “This transaction is a demonstration of the low risk and stable yield opportunities that renewable energy projects offer to investors, the quality and bankability of our developed assets, and the confidence that top tier investors have in Lightsource BP. ....