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Primergy Solar secured $350 million in tax equity financing for the Ash Creek Solar project, bringing the total to nearly $1 billion, led by a Fortune 500 telecommunications company.

PRIVATEOct 17, 2024

Amount Raised

$350 Million

Round Type

Venture

OaklandEnergyRenewable EnergySolar

Investors

Truist BankFortune 500 Telecommunications Company

Description

Primergy Solar announced it closed commitments for $350 million in tax equity financing for the 408 MWac Ash Creek Solar project in Hill County, Texas. This financing brings the total capital raised for the project to nearly $1 billion, which is expected to be operational in early 2025.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Primergy Solar that raised within 45 days of this round, from Fundz verified event records.

  • Volter raised $3.2M (Pre-Seed) on November 28, 2024.
  • Solteo raised $1.6M (Seed) on November 21, 2024.
  • Glint Solar raised $8M (Series A) on November 7, 2024.
  • Orkestra raised $2.8M (Seed) on November 6, 2024.
  • GreenHY2 raised $432K (Seed) on October 25, 2024.
  • Earthbond raised an undisclosed amount (Pre-Seed) on October 22, 2024.

Who to call at Primergy Solar, and when

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Company Information

Company

Primergy Solar

Location

Oakland, California, United States

About

Primergy Solar is a renewable energy developer, owner, and operator focused on deploying small and utility-scale solar photovoltaic and battery energy storage projects across North America. With core values including environmental stewardship, diversity, equity, inclusion, and access, our size and experience allow us to work smarter and more creatively to provide the best solutions for our partners while doing the right thing for the communities that host us and for the planet.

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Primergy Solar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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