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Intersect Power Closes $3.1 Billion In Project Financing To Complete Near Term Portfolio Totaling 2.2 Gwdc

Sep 29, 2022almost 3 years ago

Amount Raised

$3.1 Billion

BeavertonSustainabilityNatural ResourcesEnergy

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.

Company Information

Company

Intersect Power

Location

Beaverton, Oregon, United States

About

Intersect Power is a clean energy company bringing innovative, scalable, and American-made, low-carbon solutions to its customers in global energy markets. We develop, own, and operate some of the world’s largest grid-tied clean energy resources, as well as co-located facilities for large industrial loads including data centers, e-fuels, and other energy intensive products.

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