Viejas Microgrid — 15 MW solar PV + 38 MWh long-duration energy storage on Tribal lands near Alpine, CA
First-ever Tribal Energy Financing Program loan closed by DOE LPO. Solar-plus-storage microgrid on Tribal lands. Landmark deal for energy sovereignty and resilience on Native American reservations.
$73M
Deal Value
15MW
Capacity
38MWh
Storage
Solar + Storage
Technology
CA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Viejas Band of the Kumeyaay Indians
- Buyer / Financier
- US Department of Energy
- Deal Value
- $72.8M
- Stage
- Under Construction
- ISO/RTO
- CAISO
- Source
- US Department of Energy
Capital Structure
Tranches
- Senior loan to construct the microgrid (at least $80.8M, up to $100M); DOE LPO Tribal Energy Financing Program partial loan guarantee of up to $72,800,000 (~72.8%) · U.S. Bancorp Impact Finance (lender); U.S. Department of Energy Loan Programs Office (partial guarantor)
- —
Finance Counterparties
Lenders & Capital Providers
- Project Debt
- US Department of Energy
Related Deals
Olive Creek 2 expansion — methane pyrolysis clean hydrogen + carbon black production, Hallam NE
Monolith Materials → US Department of Energy Loan Programs Office (Title XVII)
$1.04B conditional
Project Hestia (residential solar loan expansion)
Sunnova Energy International → US Department of Energy (LPO)
$3B
Thacker Pass lithium processing plant (largest US lithium reserve, Nevada)
Lithium Nevada Corp. → US Department of Energy (LPO)
$2.26B
Beacon Solar 1 (Hecate Energy Beacon 1 Photovoltaic Project) — Solar + Storage project, CA (West (non-ISO)), 56 MW + 36 MW / 18 MWh storage, COD 2017.
Public Utilities
California Flats Solar 1 — Solar + Storage project, CA (CAISO), 130 MW + 60 MW / 240 MWh storage, COD 2017.
Corporate
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.