Texas Solar Nova 1
Clearway assembled roughly $700M of construction financing and $182M of term loan commitments for the 452 MW Texas Solar Nova complex (Nova 1 and Nova 2), plus tax equity and cash equity from HASI.
$700M
Deal Value
252MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Construction and term financing
- Seller / Sponsor
- Clearway Energy Group
- Buyer / Financier
- Natixis, DNB, MUFG, NordLB, Societe Generale; HASI
- Deal Value
- $700M
- Stage
- operating
- ISO/RTO
- ERCOT
Related Deals
NRG Energy renewables platform + NRG Yield Inc. (rebranded Clearway Energy Inc.) — 4.7 GW operating renewables; 45.2% economic interest in CWEN, 55% voting
NRG Energy (renewables platform + NRG Yield majority) → Global Infrastructure Partners (GIP)
$1.348B aggregate consideration
Lanikuhana Solar (Mililani II) — Solar project, HI (HI), 14.7 MW, COD 2019.
Clearway Energy Group (formerly NRG Community Solar) → HECO
Waipio Solar (Waiwa PV) — Solar project, HI (HI), 45.9 MW, COD 2019.
Clearway Energy Group (originally NRG Community Solar) → HECO
Solaire Holman 1 — Solar project, TX (ERCOT), 50 MW, COD 2017.
Public Utilities
East Pecos Solar — Solar project, TX (ERCOT), 120 MW, COD 2017.
Public Utilities
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.