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On October 6, 2016, renewable energy provider sPower (Salt Lake City, Utah, USA) announced the completion of a tax-based equity investment and term loan financing totaling $786 million
.
The funds will be used to fund nine solar PV projects totaling 339.
4MW.
While most of the projects are under construction, two projects have recently achieved commercial operation
.
KeyBanc Capital Markets acted as the coordinating lead bank for the US$519 million syndicated debt financing
.
Syndicated institutions include KeyBank Bank, CIT Bank, CoBank ACB, Rabobank, Nordeutsche Bank Exchange Center, Siemens Financial Services and Wells Fargo
.
The vice president of structured finance at sPower said: "With the rapid growth of the company, it is important
to recover capital.
”
Earlier this year, sPower commissioned 179.
3MW of incremental renewable energy projects, including 60MW of wind power in Utah and utility-scale solar projects
in California, Massachusetts and New York.
The CEO of sPower commented: "sPower's partnerships with leading tax equity and debt providers have enabled it to access effective capital
.
”
On October 6, 2016, renewable energy provider sPower (Salt Lake City, Utah, USA) announced the completion of a tax-based equity investment and term loan financing totaling $786 million
.
The funds will be used to fund nine solar PV projects totaling 339.
4MW.
While most of the projects are under construction, two projects have recently achieved commercial operation
.
KeyBanc Capital Markets acted as the coordinating lead bank for the US$519 million syndicated debt financing
.
Syndicated institutions include KeyBank Bank, CIT Bank, CoBank ACB, Rabobank, Nordeutsche Bank Exchange Center, Siemens Financial Services and Wells Fargo
.
The vice president of structured finance at sPower said: "With the rapid growth of the company, it is important
to recover capital.
”
Earlier this year, sPower commissioned 179.
3MW of incremental renewable energy projects, including 60MW of wind power in Utah and utility-scale solar projects
in California, Massachusetts and New York.
The CEO of sPower commented: "sPower's partnerships with leading tax equity and debt providers have enabled it to access effective capital
.
”
