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Vesper Energy finalizes $592 million debt syndication for Hornet Solar project

Jun 11, 2024•over 1 year ago

Amount Raised

$592 Million

DallasSemiconductorsRenewable EnergyEnergy

Investors

Dz BankRadiance Structured FinanceAssociatedAllied Irish BankKb Kookmin BankBayern LbSociete GeneraleSantanderNord/LbMufg Bank Ltd.

Description

Vesper Energy has successfully finalized a construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The project covers over six square miles in Swisher County, Texas and is one of the largest single-phase solar projects in the United States. The financing involved a top-tier group of banking and lending partners.

Company Information

Company

Vesper Energy

Location

Dallas, Texas, United States

About

Vesper Energy is a developer, owner, and operator of utility-scale renewable energy assets, with a mission to develop, construct, and operate clean energy projects across the United States.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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