Centennial Flats
Copia Power closed a US$595 million tax equity commitment with J.P. Morgan as sole tax equity investor for its Centennial Flats project in Arizona.
$595M
Deal Value
767.1MW
Capacity
Hybrid
Technology
AZ
Location
Deal Details
- Deal Type
- Tax equity commitment
- Seller / Sponsor
- Copia Power
- Buyer / Financier
- J.P. Morgan
- Deal Value
- $595M
- Stage
- construction
- ISO/RTO
- WECC/other
Related Deals
Vineyard Wind 1 — 800 MW offshore wind, 15 mi off Martha's Vineyard MA (first commercial-scale OSW in US)
Vineyard Wind LLC (Avangrid Renewables 50% / Copenhagen Infrastructure Partners 50%) → Bank of America, J.P. Morgan, BBVA, NatWest, Santander (advisor), Crédit Agricole, Natixis, BNP Paribas, MUFG Bank
$2.3B (senior debt)
Arcadia Series E — energy data API (Arc) covering 125+ utilities / 80%+ of US electric accounts
Arcadia → J.P. Morgan Asset Management Sustainable Growth Equity Team (lead); Keyframe Capital, Broadscale Group, Triangle Peak Partners, Camber Creek, Tiger Global, Wellington, Salesforce Ventures, Drawdown Fund, MCJ Collective
$200M ($1.5B unicorn valuation)
Vineyard Wind 1 — 800 MW offshore wind, ~15 miles off Martha's Vineyard, Massachusetts
Avangrid + Copenhagen Infrastructure Partners (CIP) JV → J.P. Morgan, Bank of America, Wells Fargo (tax equity)
$1.2B (largest single-asset tax equity ever)
CO Bar Solar and BESS
Clenera → Arizona Public Service
258 MW
Centennial Flats
Copia Power
$1.24B
Section 45X Advanced Manufacturing Production Tax Credits (AMPCs) from US-manufactured solar modules (Ohio + Alabama + Louisiana facilities)
First Solar → Fiserv, Inc.
Up to $700M (at $0.96/$1)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.