Plus Power utility-scale BESS portfolio
Debt and tax equity financing for Plus Power BESS portfolio.
$1.80B
Deal Value
BESS
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Plus Power
- Buyer / Financier
- Deutsche Bank, Societe Generale, Foss & Company
- Deal Value
- $1.8B
- Stage
- Unknown
- Source
- Industry Source
Capital Structure
$1.80B
Total transaction value
Tranches
- Construction Loan / Term Loan / Letter of Credit · Norddeutsche Landesbank / Societe Generale (Sierra Estrella, AZ)
- $505M
- Tax Equity · Bank of America (Sierra Estrella, AZ)
- $202M
- Construction Loan / Term Loan · Deutsche Bank / First Citizens Bank (Rodeo Ranch, TX)
- $276M
- Tax Equity · Foss & Company (Rodeo Ranch, TX)
- $212M
- Construction Loan / Term Loan · Deutsche Bank / First Citizens Bank (Anemoi, TX)
- $200M
- Construction Loan / Term Loan · Deutsche Bank / First Citizens Bank (Ebony, TX)
- $196M
- Construction Loan / Term Loan / Letter of Credit · Norddeutsche Landesbank / Societe Generale (Superstition, AZ)
- $196M
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- Deutsche Bank; First Citizens Bank; Norddeutsche Landesbank; Societe Generale
- Administrative Agent
- First Citizens Bank
- jointLeadArranger
- Siemens Financial Services; Mizuho; U.S. Bank; Bank of America; CoBank
- Tax Equity
- Foss & Company; Bank of America
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