Intersect Power Closes $3.1 Billion In Project Financing To Complete Near Term Portfolio Totaling 2.2 Gwdc
Sep 29, 2022•almost 3 years ago
Amount Raised
$3.1 Billion
Description
Intersect Power, LLC, ("Intersect Power" or the "Company") announced today the closing of an aggregate of $2.4 billion of new financing commitments and the allocation of $675 million of previously announced commitments for the construction and operations of four solar energy projects totaling approximately 1.5GWdc PV + 1.0GWh BESS. The transactions represent construction financing, tax equity, operational letters of credit and a portion of previously announced portfolio level term debt with industry-leading partners.