Project Polo — up to 1,000 distributed solar PV and battery energy storage systems across 27 states
DOE loan guarantee for distributed solar + BESS virtual power plant deployment. Up to 1,000 systems across 27 states. Creates wide-scale VPP. Closed January 2025.
$290M
Deal Value
100MW
Capacity
50MWh
Storage
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Sunwealth
- Buyer / Financier
- US Department of Energy
- Deal Value
- $289.7M
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- US Department of Energy
Capital Structure
Tranches
- DOE Loan Programs Office partial loan guarantee · U.S. Department of Energy Loan Programs Office
- $290M
Finance Counterparties
Lenders & Capital Providers
- Project Debt
- US Department of Energy
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