Orion II Solar Project
SB Energy closed financing as part of a $2.4 billion four-project portfolio raise; the Orion II solar project in Milam County, Texas was led on debt by MUFG with Bank of America as tax equity provider, and Google contracted for about 75% of portfolio output.
250MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Construction debt and tax equity
- Seller / Sponsor
- SB Energy
- Buyer / Financier
- MUFG
- Deal Value
- Undisclosed
- Stage
- operating
- ISO/RTO
- ERCOT
- Source
- Energy Global
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)
SB Energy — SoftBank Group US renewables platform (10 GW operating/UC target by 2025)
SB Energy (SoftBank Group US renewables) → Ares Infrastructure & Power
Up to $600M
Gemini Solar+Storage — 690 MWac solar + 1,416 MWh battery storage; largest US solar+storage at the time
Quinbrook Infrastructure Partners / Primergy Solar → APG Asset Management (on behalf of ABP)
~$588M (49% of $1.2B implied project value)
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
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.