FinancingClosedNovember 25, 2024

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

Hybrid

Technology

Multi-state

Location

Deal Details

Deal Type
DOE Loan Guarantee
Seller / Sponsor
Sunwealth
Buyer / Financier
US Department of Energy
Deal Value
$289.7M
Stage
Development
ISO/RTO
Multiple

Finance Counterparties

Lenders & Capital Providers

Project Debt
US Department of Energy

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