Clean Power Alliance 6th energy prepayment bond — $963M green bond, ~543,000 MWh/yr renewable energy
Rated Baa1 by Moody’s with Kestrel green bond designation. Locks in $66.6M in renewable energy cost savings over 10 years. Receives PCC1-eligible (highest-tier California) renewable energy.
$963M
Deal Value
Solar
Technology
CA
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Clean Power Alliance
- Deal Value
- $963M
- Stage
- Operating
- ISO/RTO
- CAISO
- Source
- CalCCA
Capital Structure
$963M
Total transaction value
Tranches
- Green Bond (energy prepayment bond) · Morgan Stanley (underwriter); Morgan Stanley Capital Group as prepaid energy supplier
- $963M
Service Providers
Advisory & Legal
- counsel
- Haynes Boone LLP
Finance Counterparties
Lenders & Capital Providers
- Lead Arranger
- Morgan Stanley
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