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Deutsche Bank and First Citizens Bank Close $315.7 Million Financing for Four Texas Battery Energy Storage Projects

Sep 04, 2024•almost 2 years ago

Contract Type

partnership

FrankfurtFinancial ServicesFinanceLendingBanking

Description

Deutsche Bank and First Citizens Bank served as co-lead arrangers on a $315.7 million financing for four battery energy storage systems in Texas, which are expected to support grid stability and reliability, as well as maximize the value of renewable power generation. The projects are owned by a battery energy storage-focused fund at UBS Asset Management.

Company Information

Company

Deutsche Bank

Location

Frankfurt, Hesse, Germany

About

Sabih Behzad, Deutsche Bank’s Head of Digital Assets & Currencies Transformation, explains how his football team could make money in the metaverse. For Fred Turner from Stanford University, "the metaverse" is the invention of a marketing department. Why we should take our freedom rights very seriously also in the digital sphere.

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