Spotsylvania Solar Energy Center — 620 MWdc / ~500 MWac construction debt
sPower closes $700M+ construction financing for Spotsylvania (largest solar east of Rockies). Plus $350M Wells Fargo tax equity (Apr 2020). Total $1.05B+. Offsets ~825K mt CO2/year.
$700M
Deal Value
620MW
Capacity
Solar
Technology
VA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- sPower (AES/AIMCo)
- Buyer / Financier
- HSBC (lead), CaixaBank, CIBC, NB Canada, Citibank, SocGen, LBBW, Sabadell
- Offtaker
- HSBC (lead), CaixaBank, CIBC, NB Canada, Citibank, SocGen, LBBW, Sabadell
- Deal Value
- $700M+ term loan
- Stage
- Operating
- ISO/RTO
- PJM
- Source
- BusinessWire / sPower
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