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Terra-Gen Closes Financing For First Phase Of Edwards Sanborn Solar Storage Facility In California

PRIVATEAug 02, 2021

Round Type

Funding Round

New CityEnergyRenewable EnergySolar

Description

Terra-Gen, LLC, a leading independent renewable energy provider, has completed financing on the initial phase of its Edwards Sanborn Solar Storage facility in Kern County, CA, a project that will produce clean energy for more than 158,000 homes and displace more than 307,000 tons of CO2 annually. The Edwards Sanborn Solar Storage facility is composed of 346 MWac (megawatts, alternating current) of solar modules and 1,501 MWh (megawatt hours) of battery storage.

Quick answer

Terra-Gen raised an undisclosed amount in a Funding Round round, dated August 2, 2021. Terra-Gen is based in New City, New York, United States.

How much did Terra-Gen raise?
Terra-Gen raised an undisclosed amount in a Funding Round round on August 2, 2021.
What does Terra-Gen do?
Terra-Gen is a renewable energy company focused on developing, owning, and operating utility-scale wind, geothermal, and solar generation.
Where is Terra-Gen based and how big is it?
Terra-Gen is based in New City, New York, United States.

Source: Fundz verified event record.

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

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

  • Shoals Technologies Group raised $6.5M on September 10, 2021.
  • Energy Vault raised $100M (Series C) on August 25, 2021.
  • Powur, PBC raised $3.7M (Seed) on August 25, 2021.
  • Longroad Energy raised an undisclosed amount (Funding Round) on August 2, 2021.
  • Canadian Solar raised $100M (Funding Round) on July 27, 2021.
  • Camus Energy raised $16M (Series A) on July 20, 2021.

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Company Information

Company

Terra-Gen

Location

El Camino Real

New City, New York, United States

About

Terra-Gen is a renewable energy company focused on developing, owning, and operating utility-scale wind, geothermal, and solar generation. Terra-Gen owns 976 MWs (net equity) of wind, geothermal and solar generating capacity in operation across 25 renewable power facilities throughout the Western United States with a focus on the California marketplace. Terra-Gen's subsidiaries are responsible for the operation and maintenance of over 2,000 MWs of renewable projects. Terra-Gen's operating portfolio is one of the largest renewable businesses in the United States. Terra-Gen continues to expand operations in renewable generation through a combination of acquisitions of operating projects, development of new projects and partnering on mid and late stage development opportunities. Terra-Gen is owned by Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure. Since 2005, the Firm has raised over $13 billion in commitments, utilizing this capital to build and acquire investment platforms across multiple energy sub-sectors.

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Terra-Gen 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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